Peru and Ecuador have a deep-rooted tradition as oil producing nations, and after a period of decline, the sector has evolved into a significant contributor to economic growth. With Peru achieving economic and political stability in recent years, a stable regulatory framework in place, and proven reserves estimated at 473 million barrels of oil, 714 million barrels of liquefied natural gas, and 15 trillion cubic feet of natural gas, the country has re-emerged as a key opportunity for oil and gas development. Ecuador lays claims to the third largest oil reserves in South America at 6.5billion (bbl), and with a reformist government focussed on an investment-friendly exploration regime, and a new formal tender process in place, Ecuador is becoming a key country in the region for oil and gas opportunities.
The Peru and Ecuador Oil & Gas Summit will serve as a platform to discuss the latest developments taking place across the industry and the opportunities the countries have to offer the oil & gas sector. Encouraging increased international dialogue, partnerships for growth, and taking a strategic look at the market, the Summit will provide a forum to discuss the evolving energy scene.
Bringing together key stakeholders from across the supply chain, including central & local government, operators, service & solution providers, academia, and investors, the summit will focus upon creating conditions for new exploration, maximising production on existing fields, building international partnerships & joint ventures, meeting changing domestic & international energy demands, attracting fresh investment, and implementing enhanced technologies across the supply chain.