openPR Logo
Press release

The Latin Oil & Gas Summit recognised as the premier meeting place for key industry players in the region

07-03-2012 10:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The CWC Group

Building on last year’s success, the 2nd Annual Latin Oil & Gas Summit, took place from the 27 - 28 June 2012 in Miami, USA. The event attracted over 120 senior level attendees from over 20 countries.

Over the course of the two day conference, delegates heard from governments, national and international oil companies as well as service companies from the region. Discussions focused on the strategic plans for growth, advancements in technology, external funding and knowledge transfer, all which are required in order for the region to realize its full potential.

Resource development is becoming more collaborative, witness the record number of leases throughout the region that are being tendered while technology is driving the development of the deep-water and unconventional resources.

As part of Mexico’s efforts to develop the deep water operations,’ Dr Edgar Rangel German, Commissioner, National Hydrocarbon Commission, announced at the summit the mayor challenges faced by his country to tap into the 681 trillion cubic feet of recoverable natural gas resources that include: financing of projects, access to technologies, growth of human capital and development of infrastructure.

The Venezuela oil and gas industry took centre stage on the first day of the summit, and was discussed at length by Dr Francisco Monaldi, Director of the International Center on Energy & the Environment, IESA. He stated that upstream capacity had declined over the past years but that the recent increase in upstream operations in the country aimed to raise production by some 500 mbpd, highlighting an estimated investment of $10 billion, earmarked by the JVs to go into infrastructure development to further open the Orinoco belt resources.

The Latin Oil & Gas Summit, recognised the importance of community engagement, technological innovation and infrastructure in the development of the oil and gas industry in the region.

In the afternoon of the second day of the conference heard the timely and informative address from Minister Eng Guillermo Coco, Ministry of Energy, Environment & Public Services, Government of the Province of Neuquén, who highlighted the huge unconventional potential of the Neuquén Basin and drew attention to an ambitious plan to duplicate current production levels by 2017. He emphasized that Neuquen currently has the basic infrastructure to develop the region for the next three to four years and the main focus at the moment is in developing a water management strategy to permit the achievement of the production objectives.

It was widely agreed over the two days of the huge resources available in the region from Argentina to Mexico but it comes with a number of risk and challenges associated from one country to other one. Barclay Hambrook, President, CEO & Director, Americas Petrogas presented the following graphic to demonstrate the enormity of the potential unconventional resources in Argentina by comparing the shale play in the Neuquén Basing to the shale plays in US.

The Latin Oil & Gas Summit looks forward to providing an annual forum which puts recent achievements and gains, the severe challenges still being faced within the region as well as the increasing number of opportunities to grow the vibrant Latin America oil and gas industry into perspective. One can say with a great deal of certainty "the most interesting chapter is just beginning"

About the CWC Group

The Latin Oil & Gas Summit is organized by The CWC Group, an award-winning company which specialises in energy and infrastructure, developing knowledge, creating commercial opportunities and strategic solutions for government and industry by offering professional training, conferences and exhibitions.

Gustavo Aranda
Senior Marketing Manager
The CWC Group +44 20 7978 0081
Regent House│Oyster Wharf │16-18 Lombard Road│London│SW11 3RB│UK

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Latin Oil & Gas Summit recognised as the premier meeting place for key industry players in the region here

News-ID: 227801 • Views: 3061

More Releases from The CWC Group

Cartagena to play host to Colombia’s oil & gas decision makers
CWC Group’s Colombia Oil & Gas Summit in Cartagena, 2-4 April 2014 (officially endorsed by the Colombian Ministry of Mines & Energy, ANH (Agencia Nacional de Hidrocarburos) and DIMAR (Dirección General Marítima)) will host Colombia’s oil and gas decision makers to discuss the country’s developing hydrocarbon sector, investment opportunities for international investors and upcoming projects. Exclusive announcements will be made by Ministers and senior representatives from national and international oil
3rd Annual World Shale Awards Shortlist Announced
The shortlist for the 3rd Annual World Shale Awards 2013, taking place in Houston, was announced today featuring entries from across the shale oil and gas supply chain. Categories for 2013 include the International Pioneer Award recognising the company which has made the most significant progress in Shale gas or oil outside of North America; the Technological Innovator Award recognizing the technological breakthrough of the year in Shale E&P; the Community
Governments and industry leaders meet in Houston at the World Shale Oil & Gas Su …
During the week of November 4 – 8, 2013, Houston will host senior government representatives and industry decision makers from across the globe at the 4th annual World Shale Oil & Gas Summit and Exhibition. With more than 50 guest speakers from countries including China, South Africa, Australia, the UK, Brazil, India, Turkey as well as the United States, discussions will focus on the latest developments in
Leaders from the Oil & Gas Industry set to participate in the Great Local Conten …
On 28th October, an international delegation of NOCs, Governments and key representatives from the global Oil & Gas community will gather in London to debate the key issues and solutions in implementing Local Content Strategies. Held under the Chatham House Rule, the 2013 NOCs & Government Summit will feature the much anticipated Great Local Content Debate. Led by Simbi Wabote, Contracting and Procurement Global Local Content Manager, Shell, the Great

All 5 Releases

More Releases for Latin

First TV Series in Latin
The turbulent adventures of the Roman restaurant owner Barrelius and his Germanic family in the ancient Roman Empire are the focus of the planned new television series MY MANIAC MANSIO. Supporters of the recently launched project crowdfunding for the presentation of a MY MANIAC MANSIO trailer on major TV stations and international streaming services can not only secure "ancient" rewards, but also participate in the production as technical staff or even
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
Defoamers Market - Latin America Industry Analysis 2023
The defoamers market in Latin America is fragmented, with the presence of several global and domestic players. Some of the prominent names in the Latin America defoamers market are Dow Corning Corporation, Ashland, Inc., Evonik Industries AG, Air Products and Chemicals, Inc., and Bluestar Silicones. Valued at US$196.2 mn in 2014, the defoamers market in Latin America is estimated to reach US$273.1 mn by 2023, rising at a CAGR of
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Latin Trails’ Family Friendly Fleet
With pioneer boats in first class and luxury categories, Latin Trails is one of the most family friendly companies to cruise the Galapagos Islands. The company’s three top quality cruises have a capacity for 16 passengers and are ideal for adventurous families traveling alone or in groups of two or three. Besides each boat’s various amenities and world class services, Latin Trails announces that children under 12 will
Latest fashion for the Latin American Market
NG services needed for growth Paderborn (Germany), 01 December 2009 – The Latin American mobile industry is highly competitive - lower investment and less sunk costs make it easy for new market entrants. This means flexible pricing and lower costs are needed for operators in order to remain competitive. Thus there is a special need for established players in particular to offer valuable NG services. This is the only way