Global opportunities exist for independents that manage risk

There are "many opportunities in the world" for international independent operators to find large oil and natural gas reserves if they manage risks, said industry analysts and executives Jan. 29 at the opening of the 10th annual North American Prospects Expo in Houston.The potential for larger discoveries, coupled with lower finding and operating costs, are attracting US independents to expand internationally. "Onshore Latin America is fertile turf for independents" who are taking over land exploration and development in South America as the majors move offshore, said Pete Stark, vice-president, industry relations, for Denver-based IHS Energy Group in a panel discussion of international m...

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