Chile Oil and Gas Report - Business Monitor International - Industry Reports

Chile Oil and Gas Report

Chile Oil and Gas Report - Business Monitor International - Industry Reports
Chile Oil and Gas Report
Published Aug 27, 2016
90 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

On June --, Chilean national oil company (NOC) Empresa Nacional Del Petroleo (ENAP) announced it had signed an agreement with US independent ConocoPhillips to explore for and produce natural gas in the south of the country. The agreement (known as CEOP) will target the Coiron block in the Magallanes region, with the NOC retaining a --.- operating stake in the project. ...The agreement (known as CEOP) will target the Coiron block in the Magallanes region, with the NOC retaining a --.- operating stake in the project. The CEOP will allow ConocoPhillips to increase its upstream activity in phases, with investment expected to reach USD------mn over the next four years, depending on exploration and appraisal results within the play. The Mejilliones LNG import terminal received environmental approval for its USD--mn expansion project in July ----. ...Chile will remain among Latin America s most advanced economies over the coming decade, supported by its strong fundamentals. Manufacturing and services will increasingly drive growth, as the end of the commodity boom dims the copper sector s outlook.

...In January ----, Chilean environmental authorities approved ENAP s USD---mn drilling plan in the Magallanes region, which envisions -- exploratory and/or development wells in four sub-blocks of the Arenal block. A February ---- report by the US Geological Survey found that Chile s Magallanes basin contains ---bcm of technically recoverable tight gas reserves. This figure is double the amount produced from the basin over the past -- years. On June --, Chilean national oil company (NOC) Empresa Nacional Del Petroleo (ENAP) announced it had signed an agreement with US independent ConocoPhillips to explore for and produce natural gas in the south of the country. The agreement (known as CEOP) will target the Coiron block in the Magallanes region, with the NOC retaining a --.- operating stake in the project. ...The agreement (known as CEOP) will target the Coiron block in the Magallanes region, with the NOC retaining a --.- operating stake in the project. In August, ENAP affirmed its USD---mn annual spending commitment through ----, a significant portion of which will be directed toward exploration efforts, particularly in the southernmost region of the country.

...The most promising region of the country, the southernmost Magallanes, is estimated to contain up to -.-bn bbl of shale oil and condensate and ---bcm of technically recoverable shale gas. This area has attracted the vast majority of upstream investment over the past several years and will remain the focus of both state- owned and private companies. ...

  
Source:
Document ID
1748-3883
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Chile Oil and Gas Report" Aug 27, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Chile-Oil-and-Gas-Report-2026-393>
  
APA:
Business Monitor International - Industry Reports. (2016). Chile Oil and Gas Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Chile-Oil-and-Gas-Report-2026-393>
  
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