REGION'S POTENTIAL YET TO BE FULFILLED

摘要

Exploration success in the seas off the northern coast of South America has led to renewed interest in the continent during the last five years, but last year's drop in oil prices has led to some deferrals of exploration projects. Apart from Brazil, Venezuela has traditionally been the most active offshore market, followed by Argentina. However, the governments in Colombia, Guyana and Suriname are attracting exploration investment. There is also some activity on the west coast offshore Ecuador and Peru. In total, there are around 20 offshore support vessels (OSVs) active in South America outside of Brazil, and a few more are coming.