The Future Of The South And Central America Oil Market Forecasts And Trends To 2015

New report "The Future of the South and Central America Oil Market, Forecasts and Trends to 2015 - Huge Offshore Finds Drive Investment Opportunities"

provides an in-depth analysis of the crude oil market in South and Central America and highlights the various concerns, shifting trends and major players in the region. The report provides forecasts for the Exploration and Production (E&P) industry, crude oil pipeline industry, crude oil storage industry, refining industry and crude oil consumption in South and Central America to 2015. The report also provides segmental forecasts of the crude oil market in South and Central America and highlights the major countries in the region. The report provides in-depth analysis of the key trends and challenges in the crude oil market in the region. An analysis of the competitive scenario and capital expenditure analysis for the region are also provided for each of the market segments. The report is built using the data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.

Presence Of Huge Reserves In South And Central American Region Will Drive The Growth Of The Exploration And Production Sector

The huge proved oil and gas reserves in South and Central America and its potential have made the region a lucrative investment destination for global oil and gas majors. The vast heavy oil reserves in Venezuela, the huge sub-salt finds in Brazil and the increasing number of discoveries in Colombia has reinforced the huge potential of the region.

The region accounted for approximately 14% of the global oil and gas reserves and about 12% of the total oil and gas production in 2009. Consequently, with an expected increase in oil and gas reserves in the region and increased E&P activities, the share of this region in the global oil and gas supply is expected to increase in the coming years.

South and Central America, % of Global Reserves and Production, 2009

National Oil Companies Are Expected To Continue To Dominate The Exploration And Production And Pipeline Industry In The South And Central American Region

National Oil Companies (NOCs) dominate the upstream sector in Mexico, Brazil and Venezuela, with these three countries together accounting for approximately 91% of the total oil and gas reserves in the region. NOCs in these countries account for over 90% of the oil production in each country. The NOCs in Colombia and Ecuador also accounted for more than 50% of the total oil produced. NOCs will continue to dominate the energy sector in their respective countries with support from their national governments. Major South and Central American countries help them to dominate the upstream sector.