Oil and gas developments in South America, Central America, Carribbean area, and Mexico in 1981
Petroleum developments in 1981 continued in the pattern of recent years of increasing exploration and exploitation in response to the second catastrophic surge in crude oil prices thrust on the world economy in 1979. Production of crude oil increased in Argentina, Brazil, Chile, Colombia, Guatemala, and Mexico, whereas Venezuela, Trinidad, Peru, and Bolivia experienced declines. Exploratory surveys, exploratory drilling, and development drilling all increased in most of the countries reporting. Significant successful exploratory drilling is reported for several countries. In Argentina, the producing zone of the Austral basin has been extended farther offshore, and is reportedly productive in what is apparently the upper Malvinas basin. In Brazil, extensions to several producing areas are reported in the Campos basin. Also, the Jurua gas province of western Amazonas reportedly had an encouraging extension. Colombia had several discoveries in the Magdalena basins, but the 2 Llanos discoveries are considered much more significant. For a variety of reasons, several countries have undertaken or are undertaking changes in laws and regulations to attract foreign companies into exploration risk ventures. In some countries, exploitation ventures are also offered.
- Research Organization:
- Buttes Resources Co., Dallas, TX
- OSTI ID:
- 6223259
- Journal Information:
- Am. Assoc. Pet. Geol., Bull.; (United States), Vol. 66:11
- Country of Publication:
- United States
- Language:
- English
Similar Records
Oil and gas developments in South America, Central America, Caribbean Area, and Mexico in 1982
Petroleum developments in South America, Central America, Mexico, and Caribbean area in 1977
Related Subjects
03 NATURAL GAS
ARGENTINA
EXPLORATION
NATURAL GAS FIELDS
OIL FIELDS
PRODUCTION
BOLIVIA
BRAZIL
CHILE
COLOMBIA
GUATEMALA
MEXICO
NATURAL GAS DEPOSITS
PERU
PETROLEUM DEPOSITS
TRINIDAD AND TOBAGO
VENEZUELA
EXPLORATORY WELLS
SEDIMENTARY BASINS
WELL DRILLING
CENTRAL AMERICA
DEVELOPING COUNTRIES
DRILLING
GEOLOGIC DEPOSITS
GEOLOGIC STRUCTURES
ISLANDS
LATIN AMERICA
LESSER ANTILLES
MINERAL RESOURCES
NORTH AMERICA
RESOURCES
SOUTH AMERICA
WELLS
WEST INDIES
020200* - Petroleum- Reserves
Geology
& Exploration
020300 - Petroleum- Drilling & Production
030200 - Natural Gas- Reserves
Geology
& Exploration
030300 - Natural Gas- Drilling
Production
& Processing