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Impact of oil price on upstream investment, costs and production in Latin America

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Report summary

Since the oil price crash operators in Latin America have cut 2016 17 upstream investment by 29%. The reductions were a result of delayed or cancelled projects in addition to cost savings. Large projects in Brazil Mexico and Venezuela had the greatest impact. Brazil is leading the way in cost savings while Mexico and Venezuela have slashed investment through delays and budget cuts.

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    Impact of oil price on upstream investment, costs and production in Latin America.pdf

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