June 1999

Columns

HPInternet: Latin America oil and gas industry development

This month, let's visit Latin America and see what is happening there. ARPEL, Regional Association of Oil and Natural Gas Companies (http://www.arpel.org/), is an organization devoted to the energy in..

Crowley, B., Competitive Analysis Technologies

This month, let's visit Latin America and see what is happening there. ARPEL, Regional Association of Oil and Natural Gas Companies (http://www.arpel.org/), is an organization devoted to the energy industry and its development in Latin America and the Caribbean. Why Latin America? Did you know that the region is second in major oil reserves after the Middle East, which represents about 13% of the worldwide total. During the last decade, the reserve growth rate has been around 4% per year, vs. 5% for the Middle East, and the annual production growth rate has been 3.4%, nearly three times the worldwide average. Total oil demand amounted to 6.2 million barrels per day (MMbpd) in 1997,

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