Overview:

Summary

Energy report “South and Central American National Oil Companies (NOC) – Focused Investments and Rapid Upstream Developments Transforming the Region” analyzes the role of South and Central American National Oil Companies (NOCs) globally. The report analyzes the upstream oil and gas sector in South and Central America in terms of reserves and production growth, the number of discoveries and key growth areas. The report details the importance of the South and Central American NOCs in the domestic upstream sector and also provides production forecasts for all important NOCs in the region to 2020. The report also details the investment plans of all these NOCs. It discuses the role of these NOCs in the midstream and downstream sectors as well and providing the key planned projects by sector. The report also provides details of the major joint ventures and partnerships entered into by these NOCs over the past few years with foreign companies to develop their domestic oil and gas industries.

Scope

The report analyzes market opportunities and challenges for the global The South and Central America National Oil Companies (NOC). The scope of the report includes:
- The upstream sector in South and Central America with reserves growth, production trends during 2000-2009, discoveries in the region and major prolific areas for future growth.
- Analysis of the major NOCs in the region, namely PDVSA, Pertrobras, Pemex, Ecopetrol and Petroecuador, in terms of activities in the domestic upstream sector, and also provides oil and gas production forecasts for the companies until 2020. key countries covered include Brazil, Venezuela and Colombia
- The role of these NOCs in the midstream and downstream sectors detailing the planned projects by the NOCs in these sectors.
- Information on the global operations of the South and Central American NOCs detailing core operational areas.
- Details of major joint venture/partnerships entered into by South and Central American NOCs for developing their domestic oil and gas industries.
- Discussion on the growing role of South and Central American NOCs in the oil and gas industry of the region to 2020 and its impact on the global market.

Reasons to buy

The report will enhance your decision making capability. It will allow you to:
- Develop business strategies with the help of specific insights about the South and Central American oil and gas market.
- Benchmark your operations against the operations and strategies adopted by these major National Oil Companies.
- Identify opportunities to partner with these fast growing National Oil Companies.
- Understand the working and strategies of the South and Central American NOCs and decide your future strategies accordingly.
- Identify the key regions of growth in South and Central America to expand your business in this lucrative region.

1 Table of contents 3
1.1 List of Tables 4
1.2 List of Figures 5
2 Introduction 6
2.1 Overview 6
2.2 GlobalData Report Guidance 6
3 South and Central America Oil And Gas Industry: Huge Potential Promises Rapid Development 8
3.1 South and Central America: Emerging Oil and Gas Resource Destination 8
3.1.1 South and Central America: Oil and Gas Reserves Growth, 2000-2008 8
3.1.2 South and Central America: Crude Oil Reserves Growth, 2000-2008 9
3.1.3 South and Central America: Natural Gas Reserves Growth, 2000-2008 10
3.1.4 South and Central America: Oil Production Growth, 2000-2009 11
3.1.5 South and Central America: Gas Production Growth, 2000-2009 12
3.2 Growing Number of Oil and Gas Discovering Transforming Region into a Lucrative Investment Destination 13
3.2.1 Increasing Number of Discoveries Infuse New Hope 13
3.2.2 Brazil’s Pre-Salt Reserves Hold Immense Potential 15
3.2.3 Venezuela: Huge Heavy Oil Reserves Promise Growth 17
3.2.4 Colombia: Increasing Exploration Activities Lead To a Significant Number of New Discoveries 18
4 South and Central American National Oil Companies: Huge Investments and Increasing Production Driving Growth 21
4.1 Huge Domestic Resources Will Ensure Steady Growth 21
4.2 Dominance of National Oil Companies in Upstream Sector 22
4.3 Increasing Resource Nationalization Guarantees Growth of NOCs In The Region 23
4.4 PDVSA: Developing Venezuela’s Heavy Oil Reserves 23
4.5 Petrobras: Huge Planned Investment for Development of Domestic Resources 27
4.6 Pemex: Trying To Revamp Domestic Oil Production 31
4.7 Ecopetrol: Increased Investments Yielding Results 33
4.8 Petroecuador: Increasing Exploration Investment to Increase Production 37
4.9 Increasing Nationalization of Resources Strengthens Domestic NOCs But Hinders Foreign Investment 40
5 South and Central American NOCs: Playing A Major Role In Development Of Midstream and Downstream Sectors 42
5.1 South American NOCs: Dominating Domestic Midstream and Downstream Sectors 42
5.1.1 South American NOCs: Controlling Oil and Gas Pipeline Operations in the Region 42
5.1.2 South American NOCs: Playing a Prominent Role in Refining Operations in the Region 45
5.2 South American NOCs: Major Midstream and Downstream Planned Projects 46
6 South and Central American NOCs: Operations in the Global Oil and Gas Industry 48
6.1 Empresa Nacional del Petroleo (ENAP): Low Domestic Resources Drive Internationa Forays 48
6.2 Petrobras: Strong Overseas Portfolio 49
6.3 Ecopetrol: Increasing Global Presence 51
6.4 Other South and Central American NOCs 52
7 South and Central American NOCs: Collaborations and Partnerships To Fund Oil and Gas Resource Developments 53
7.1 Huge Requirement for Funds Make Foreign Partnerships Imperative 53
7.2 PDVSA: Partnering With Companies and National Governments for the Development of Heavy Oil Reserves 53
7.2.1 China-Venezuela Loan for Oil supplies 56
7.2.2 China-Venezuela Joint Development Fund 56
7.2.3 Agreements with Russia 56
7.3 Brazil-China Loan for Oil Agreement 56
7.4 Japan’s Loan to Mexico 57
7.5 Bolivia: Loans to Develop Its Oil and Gas sector 57
7.5.1 Bolivia- China Loan 57
7.5.2 Bolivia- Iran Loan 57
8 South and Central American NOCs: Transforming the Region Into a Major Oil Producer 58
8.1 Huge Investments by NOCs Will Enable Steady Upstream Developments 58
8.2 Increasing Oil Production Transforms South and Central America into a Major Exporting Region 60
8.3 Huge Resources and Increasing Discoveries Make South and Central America a Lucrative Investment Destination 62
8.4 Empowerment of NOCs: Effect on Regional and Global Geopolitics 63
9 Appendix 64
9.1 Abbreviations 64
9.2 Methodology 65
9.2.1 Coverage 65
9.2.2 Secondary Research 66
9.2.3 Primary Research 66
9.2.4 Expert Panel Validation 66
9.3 Contact Us 67
9.4 Disclaimer 67

1.1 List of Tables
Table 1: South and Central America, Growth in Oil and Gas Reserves (Billion Barrels of Oil Equivalent), 2000-2008 9
Table 2: South and Central America, Crude Oil Production By Country (Million Barrels Per Day), 2000-2009 11
Table 3: South and Central America, Natural Gas Production By Country (Bcf Per Day), 2000-2009 13
Table 4: South and Central America, Total Number Of Oil and Gas Discoveries By Country, 2007-2010 14
Table 5: Brazil, Estimated Recoverable Reserves Post Pre-Salt Discoveries, Million Barrels, 2009 15
Table 6: Brazil, Santos Basin, Details of Pre-Salt Discoveries, 2009 16
Table 7: Global, Top 10 Countries By Oil Reserves (Billion Barrels), 2008 17
Table 8: Colombia, Number of Contracts Signed, 2005-2009 19
Table 9: Colombia, Number of Wildcats Drilled, 2000-2009 20
Table 10: South and Central America National Oil Companies, Share in Domestic Production (%), 2009 22
Table 11: PDVSA, Historical and Forecast Oil and Natural Gas Production (Million Barrels Of Oil Equivalent Per Day), 2000-2020 24
Table 12: Venezuela, Major Planned E&P Projects, 2010 25
Table 13: PDVSA, Capital Expenditure ($bn), 2008-2013 26
Table 14: Petrobras, Historical and Forecast Oil and Gas Production (Million Barrels of Oil Equivalent), 2000-2020 28
Table 15: Petrobras, Capital Expenditure Split Industry (%), 2009-2013 29
Table 16: Petrobras, Exploration and Production Capital Expenditure Split ($bn), 2009 – 2013 29
Table 17: Petrobras, Pre-Salt Capital Expenditure to 2020 ($bn) 30
Table 18: Pemex, Historical and Forecast Oil and Natural Gas Production (Million Barrels of Oil Equivalent Per Day), 2000-2020 32
Table 19: Ecopetrol, Historical and Forecast Oil and Gas Production (Thousand Barrels Per Day), 2000-2020 34
Table 20: Ecopetrol, Increase In Investments ($m), 2005-2010 35
Table 21: Ecopetrol, Investment Plan ($m), 2010 36
Table 22: Ecopetrol, Major Acquisitions in Colombia, 2008-2010 37
Table 23: Petroecuador, Historical and Forecast Oil Production (Thousand Barrels Per Day), 2000-2020 38
Table 24: Petroecuador, Investment Plan ($m), 2010 39
Table 25: Petroecuador, Joint Ventures With Other NOCs, 2007-2010 40
Table 26: South and Central America, Crude Oil and Product Pipeline Network Length (km) in Major Countries, 2009 43
Table 27: South and Central America, Natural Gas Pipeline Network Length (km) in Major Countries, 2009 44
Table 28: South and Central American NOCs, Domination in Refining Sector, 2009 45
Table 29: South and Central American NOCs, Planned Refineries, 2010-2015 46
Table 30: PDVSA, Planned LNG Liquefaction Terminals, 2010-2015 47
Table 31: ENAP, Major International Assets, 2010 48
Table 32: Petrobras, Growth In International Oil and Gas Reserves, 2000-2009 51
Table 33: Ecopetrol, Deals For Overseas Expansion, 2007-2010 52
Table 34: PDVSA, Major Joint Ventures With IOCs and NOCs To Develop Domestic Oil and Gas Industry, 2008-2010 54
Table 35: PDVSA, Major Joint Ventures With IOCs and NOCs To Develop Domestic Oil and Gas Industry, 2008-2010 (Continued) 55
Table 36: South and Central America, Oil & Gas Capital Expenditure ($bn), 2006–2010 58
Table 37: South and Central America National Oil Companies, Planned Capex ($bn), 2010 59
Table 38: South and Central America, Growth In Oil Production by Country (Thousand Bpd), 2000-2020 61
Table 39: Global, Top Countries By Oil and Gas Discoveries, 2009-2010 62

1.2 List of Figures
Figure 1: Global Oil and Gas Reserves, Percentage, Split By Region, 2008 8
Figure 2: South and Central America, Growth in Oil and Gas Reserves (Billion Barrels of Oil Equivalent), 2000-2008 8
Figure 3: South America, Major Countries By Oil Reserves (Billion Barrels), 2008 9
Figure 4: South America, Major Countries By Gas Reserves (Tcf), 2008 10
Figure 5: South and Central America, Crude Oil Production By Country (Million Barrels Per Day), 2000-2009 11
Figure 6: South and Central America, Natural Gas Production By Country (Bcf Per Day), 2000-2009 12
Figure 7: Global, Total Number of Oil and Gas Discoveries, 2007-2010 13
Figure 8: South and Central America, Total Number of Oil and Gas Discoveries By Country, 2007-2010 14
Figure 9: Brazil, Estimated Recoverable Reserves Post Subsalt Discoveries, Million Barrels, 2009 15
Figure 10: Global, Top 10 Countries By Oil Reserves (Billion Barrels), 2008 17
Figure 11: Colombia, Number of Contracts Signed, 2005-2009 18
Figure 12: Colombia, Number of Wildcats Drilled, 2000-2009 19
Figure 13: South and Central America, Share in Global Oil and Gas Production (%), 2009 21
Figure 14: South and Central America National Oil Companies, Share in Domestic Production (%), 2009 22
Figure 15: PDVSA, Historical and Forecast Oil and Natural Gas Production (Million Barrels Of Oil Equivalent Per Day), 2000-2020 24
Figure 16: PDVSA, Capital Expenditure ($bn), 2008-2013 26
Figure 17: Petrobras, Historical and Forecast Oil and Gas Production (Million Barrels of Oil Equivalent), 2000-2020 27
Figure 18: Petrobras, Capital Expenditure Split Industry (%), 2009-2013 29
Figure 19: Petrobras, Pre-Salt Capital Expenditure to 2020 ($bn) 30
Figure 20: Pemex, Historical and Forecast Oil and Natural Gas Production (Million Barrels of Oil Equivalent Per Day), 2000-2020 32
Figure 21: Ecopetrol, Historical and Forecast Oil and Gas Production (Thousand Barrels Per Day), 2000-2020 34
Figure 22: Ecopetrol, Increase In Investments ($m), 2005-2010 35
Figure 23: Ecopetrol, Split of Investment Plan by Segment (%), 2010 36
Figure 24: Petroecuador, Historical and Forecast Oil Production (Thousand Barrels Per Day), 2000-2020 37
Figure 25: South and Central America, Crude Oil and Product Pipeline Network Length (km) in Major Countries, 2009 42
Figure 26: South and Central America, Natural Gas Pipeline Network Length (km) in Major Countries, 2009 44
Figure 27: South and Central American NOCs, Domination in Refining Sector, 2009 45
Figure 28: Petrobras, Overseas Assets, 2009 49
Figure 29: Petrobras, GOM Lower Tertiary Play Discoveries, 2009 50
Figure 30: South and Central America, Oil & Gas Capital Expenditure ($bn), 2006–2010 58
Figure 31: South and Central America National Oil Companies, Planned Capex ($bn), 2010 59
Figure 32: South and Central America, Growth In Oil Production by Country (Million Bpd), 2000-2020 60
Figure 33: Global, Top Countries By Oil and Gas Discoveries, 2009-2010 62
Figure 34: GlobalData Methodology, 2010 65