Petroleum developments in South America, Central America, and Caribbean in 1972
This review presents information on 1972 petroleum developments in 29 countries and areas. Ten countries had petroleum production, which totaled 1,602,167,000 bbl (4,377,504 bpd). This was a decrease of 5.1% from the previous year, and the sharpest production decline for the Latin America/Caribbean region since World War II. Venezuela's production, by far the major component (73.6% of the 1972 total), was down a marked 9.2% (approx. 117,000,000 bbl, or 329,000 bpd), also a post-War record. Output for the other producing countries, collectively, was up about 7%. This latter performance reflects mainly a dramatic increase for Ecuador, where the important Oriente fields came on stream in May, plus significantly higher volumes for Bolivia and Trinidad, and small increases for Peru and Argentina. Production in Colombia was down considerably, and decreased slightly in Brazil and Chile. Industry drilling decreased to 1,703 wells, 184 fewer than in 1971. Both development and exploration subtotals were lower, by about 12 and 3%, respectively.
- Research Organization:
- Esso Exploration Inc.
- OSTI ID:
- 6558308
- Journal Information:
- Am. Assoc. Pet. Geol., Bull.; (United States), Journal Name: Am. Assoc. Pet. Geol., Bull.; (United States) Vol. 57:10; ISSN AAPGB
- Country of Publication:
- United States
- Language:
- English
Similar Records
Petroleum developments in South America, Central America, Mexico, and Caribbean area in 1978
South America: everybody is drilling almost everywhere
Related Subjects
020300* -- Petroleum-- Drilling & Production
ATLANTIC OCEAN
CARIBBEAN SEA
CENTRAL AMERICA
DOCUMENT TYPES
DRILLING
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
LATIN AMERICA
MINERAL RESOURCES
OIL FIELDS
OIL WELLS
PERFORMANCE
PETROLEUM
PETROLEUM DEPOSITS
PRODUCTION
QUANTITY RATIO
RESOURCES
REVIEWS
SEAS
SOUTH AMERICA
SURFACE WATERS
WELLS