Exploration & Production

Latin American drilling activity hits new record low

Gas-focused drilling ticked down in Latin America again during June, to the lowest level since records began in 1995 Gas-focused drilling ticked down in Latin America again during June, to the lowest level since records began in 1995.
By Chris Noon 28 July 2017 0 26962

Gas-focused drilling ticked down in Latin America again during June. There were 16 rigs drilling for gas in the region during the month, down by one from May, according to Baker Hughes data. This is the lowest level since records began in 1995. Bolivia cut drilling by one rig from May, while all other countries remained unchanged. The region has lost eight rigs since June 2016. 

Latin America’s gas production is forecast to remain relatively flat in 2016-2022, according to the International Energy Agency’s