By Christopher Lenton?/?Business News Americas
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Availability of financing for oil and gas projects in Latin America in 2012 will improve, according to 61% of those who took part in the BNamericas 2012 Oil & Gas Survey.
Some 30% argue that financing will remain the same, while only six survey takers said access to financing would worsen in 2012.
One respondent highlighted the fact that operators in the region were closely watching the unfolding crisis in Europe, and that worsening conditions there and in the US could hurt financing options available to companies in 2012.
Still, as 2011 came to a close numerous Latin American-based oil companies successfully turned to international debt markets. Multilaterals have also pledged continued support, with IDB saying it will double its energy financing in the region in 2012.
The BNamericas Oil & Gas Survey received 87 responses. Of those polled, 25% were from oil companies, and nearly 25% from the equipment or services industries. Around 40% of those who responded to the survey were involved in the upstream exploration and production sector.
Twenty percent of those who responded were based in Colombia, 15% in Argentina, 12% in Venezuela, 11% in Peru, 7% in Brazil and 5% in Chile.
An in-depth analysis of the results of the survey will appear in an upcoming Intelligence Series report, available at the BNamericas online store.
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