Emerging Unconventional Plays Latin America 2014
Organization: American Business Conferences
|Event Date/Time: Apr 23, 2014 / 8:30 am - (EST)||End Date/Time: Apr 24, 2014 / 6:55 pm - (EST)|
Some of the largest and most prolific shale reserves in the world are found in Latin America and new shale reserves being discovered are now rapidly revolutionizing the energy landscape in key countries such as Mexico, Argentina, Colombia, Brazil, Ecuador, Uruguay, Paraguay, Chile and Peru. The startling truth however is that many of Latin America's richest reservoirs are not only poorly understood globally, but in some cases, not even yet known about beyond a relatively small group of area-specific E&P companies and investors.
According to a report revealed by the United States' Energy Information Administration, Mexico has now been ranked fourth in number of shale gas reserves globally with estimates being driven by the newly discovered Chicuantepec and Burgos. Argentina, with its less known Cuyana, Claromecó and Salta Basins has also risen in the ranks and is now second in the world for shale gas with technical recovery resources of 802 trillion cubic feet. Colombia accounts for 6.8 billion barrels of technically recoverable shale oil resources in its unconventional basins such as the Middle Magdalena, Llanos and Catatumbo, while the Parnaíba, Sao Francisco and coastal basins of Espírito Santo and Campos in Brazil and the Chaco-Paraná basin in Paraguay show values of 245 and 75 tcf of technically recoverable shale gas respectively.
E&P companies, investors and suppliers are now rapidly concluding that Latin America is without a doubt the most likely region in the world to rival the US and Canada in regards to commercially successful shale gas and oil production.
While oil and gas regulatory frameworks specific to unconventional are now rapidly taking shape in most Latin American countries, with Mexico for example now making a historical paradigm shift its trade policy by opening its energy markets internationally, the race is on for global and domestic E&P companies to expedite exploration and drilling programmes and gather the geochemical, geophysical and geological data needed to prove exactly which plays in Latin America have the potential to economically produce on a commercial scale.
Emerging Unconventional Plays Latin America 2014 is now making it's very first appearance in Colombia in April to provide an exclusive global platform on which Presidents, VPs, Directors will be able to exchange the latest findings indicating which factors are driving productivity in these plays and determine reality of the geological opportunities each territory has to offer.