Peak Oil in Latin America

Present and Future Perspectives for the Oil & Gas Markets

… Since 2003 we observed high oil prices (above USD$ 100 during 2008), that provide us with an excellent “laboratory” to understand the implications of the Peak Oil in Latin America. This situation obliged Latin American countries to increase investments in exploration and production activities, and also to increase investments in renewable energy and diversify their energy matrixes. Furthermore this scenario pushed towards petro-nationalism in countries such as Venezuela and Bolivia.

This analysis focuses on upstream and downstream activities, and how they could be impacted by energy policies in the different Latin American countries, driven by fears of the availability of fossil fuels, in a high price scenario. Highlights of the briefing include an overview on Peak Oil prices, different factors affecting prices, drivers & restraints of these market forecasts and trends.


This presentation is based upon ongoing industrial analysis and it will not only benefit oil producers but also the wide range of participants of oil and gas related industries.

“We will observe in the upcoming years an important amount of investments in upstream and downstream, such as exploration and production, liquefaction and regasification terminals, and refineries reconfiguration to treat more and more extra heavy crudes,” explains Julio Campos, Consultant with Frost & Sullivan’s Energy and Power Systems Group.

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