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Title: Review of 1969 petroleum developments in South America, Central America, and Caribbean area

Journal Article · · Am. Assoc. Pet. Geol., Bull.; (United States)
OSTI ID:5003035

This review includes information on petroleum developments during 1969 in 29 countries. Petroleum was produced in 10 countries and their combined total production for the year was 1,696,391,000 bbl, an increase of 0.15% from the previous year. Venezuela produced 77% of the total although its production decreased slightly (0.3%). Production increased in Colombia (19.3%), Brazil (7.5%), and Argentina (3.9%), and decreased in all other producing countries. A total of 10,684,429 ft was drilled in 1,627 wells; in comparison with 1968, this was an increase of 0.5% in footage, but a decrease of 121 wells. Exploration drilling was carried out in 14 countries and 28% of the 365 wells were successful. Party-months of geologic and geophysical work for the area of this review were: surface geology, 322; seismograph, 544; gravity, 30; air magnetometer, 19; and 63% of this work was in Argentina and Brazil. Notable exploration events were the Caimancito field discovery in Argentina, discovery of crude oil off the E. coast of Trinidad in the area where gas and condensate were found earlier, and the continued successful wildcatting in E. Ecuador.

Research Organization:
Gulf Oil Corp.
OSTI ID:
5003035
Journal Information:
Am. Assoc. Pet. Geol., Bull.; (United States), Vol. 54:8
Country of Publication:
United States
Language:
English