Argentina
One of the fastest-growing oil and gas producers globally, with an abundance of natural resources, a developing offshore industry, and a host of majors moving forward with large-scale investments, the oil and gas industry in Argentina is proving increasingly promising. The recent offshore licensing round in April of this year has signified the beginning of a wealth of new opportunities in Argentina, with 18 out of 38 blocks licensed and winning bids totalling $718 million. With the world’s fourth largest reserves of shale oil at 27 million barrels, and second largest reserves of shale gas at 22.7 tcm still largely untapped, and a pro-business government now in place, Argentina is committed to attracting increased investment, collaboration, international partnerships, skills, and new technologies to exploit its world class resources to their full potential.
Guyana
As one of the few major new conventional oil regions discovered this century, Guyana is set to be transformed over the course of the next decade, with the country predicted to emerge as a top per capita producer of oil. Discoveries in Guyana mark an important find for the global industry, with their medium-light crude filling a hole in the global crude oil market and sparking an increased interest in oil from majors who have increasingly focussed on gas and shale in recent years. With estimated production costs of approximately $46 per barrel sitting well below current oil prices and predicted
annual gross oil revenues of $13 billion by 2025, Guyana is proving increasingly competitive.
To book, please contact via email: marion.murray@scotent.co.uk or tel: 01382 305580
Scottish Development International