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The AAPG/Datapages Combined Publications Database

AAPG Bulletin

Abstract


Volume: 45 (1961)

Issue: 7. (July)

First Page: 1045

Last Page: 1089

Title: Petroleum Developments in South America and Caribbean Area in 1960

Author(s): E. W. Clark (2)

Abstract:

Exploration activities continued at a high level in Argentina and Brazil, but declined practically to a standstill in Venezuela.

South American production of crude averaged almost 3,500,000 b/d in 1960, and was 5% higher than in 1959; most of the increase came from Venezuela, Argentina, and Brazil.

The Government of Venezuela set up an agency to operate as a national oil company, thus increasing to eight the number of governments in the Western Hemisphere participating directly in petroleum exploration and production operations by this means.

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