Output push by Latin American countries

摘要

Houston-With the start of a new year that holds more promise than the global economic recession and drilling doldrums of 2009, Latin American countries are busy with plans to bulk up production, mainly through new licensing rounds. Higher crude prices are an impetus for more oil patch spending in 2010, yet efforts to wrest more investment from operators frequently have been beset by delays or snags in countries whose production has dropped off the most.