In line with BNamericas' annual survey, oil and gas companies expect a better 2018 in Latin America. The survey showed higher price expectations, and an improved regulatory environment, along with greater spending this year. Years of efficieny gains have led to leaner companies, now poised to thrive under US$70/b conditions.
The survey revealed 95% of respondents expected 2018 to be better than 2017. This optimisim is evident in the capex figures we've compiled in this special report. Using only official information, in this report we dive into greater depth on the plans for the major oil and gas companies in the region. The total capex announced for the region from state companies amounts to some US$40 billion, a 20% increase on 2017 figures. We have not included Venezuela in our calculation, because official information on spending is unavailable.
Below is a table that reflects our research for the region's principal oil companies:
*The Peru figure represents total upstream oil and gas spending in the country across all participating companies.
Project Risk Analytics
Tracking project performance
By providing a top-down analysis of the timeliness and costs of current Latin American projects, BNamericas provides a new tool to the industry, allowing it to learn from past events and improve planning for future projects.
- Analytics report analyzing key statistics
- Consider the risks of changes in project schedules
- Instant view of project status
- Benchmark your portfolios and new projects