Nonproducing Paraguay’s potential conventional and unconventional

04/06/2009
A number of external factors have come together to provide many opportunities for growth for the fledgling hydrocarbon industry in Paraguay. These include higher gas prices regionally coupled with increasing demand, particularly in Argentina, Brazil, and Chile, all of which plan to import liquefied natural gas at world prices and at great capital cost.Paraguay consumes the equivalent of 30,000 b/d of oil as refined products such as gasoil, gasoline, lubricants, and aviation fuel, all of which are imported.It is hoped that with proposed drilling by CDS Oil & Gas Group PLC in 2009 there will be success in finding oil in commercial quantities that can be produced for refining at the gove...
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