Exploration & Production

Latin American rig count ticks up in October

Gas-focused drilling increased slightly in Latin America during October, with 20 rigs operational in the region during the month Gas-focused drilling increased slightly in Latin America during October, with 20 rigs operational in the region during the month.
By Chris Noon 24 November 2017 0 28539
Active rigs drilling for gas in Latin America

Gas-focused drilling ticked up in Latin America during October. There were 20 rigs drilling for gas in the region during the month, according to Baker Hughes data. Bolivia added three rigs and Argentina added one, while Trinidad and Tobago lost two.

Bolivia’s government signed deals with Repsol, Petrobras, Shell and Pan American Energy earlier this week that could attract $1.6 billion in investment and boost gas output in the coming years. The deals cover blocks in the Iniguazu, San Telmo Norte and Astillero areas.

“As there is...