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Conventional wisdom in the energy sector dictates that the age of easy oil has gone. As a result, oil companies are pushing the realms of exploration to new, sometimes extreme geographical frontiers that are challenging both technologically and politically in an effort to add potential reserves. This is the case in Latin America, as it is across the world. While the discovery of new oil fields of the same size as those found in previous decades is becoming increasingly rare, advances in technology are allowing the injection of new life into mature fields, increasing the reserve base of many companies in existing assets and reservoirs.  In Latin America, numerous nations, including Ecuador, Colombia, Venezuela, and Argentina, are trying to stimulate production from mature fields using a variety of techniques. This report looks at the advances in mature field exploration and production and highlights advances that are being made in the region.

Recent Oil & Gas Intelligence Series

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