ExxonMobil's Thompson: Latin oil potential appealing-if terms are right

10/30/2000
In a world that should see continued robust growth in oil and gas demand for the next 20 years, Latin America offers some of the most appealing prospects for petroleum company investment, according to Jon L. Thompson, president of Exxon- Mobil Exploration Co., the chief upstream unit of supermajor ExxonMobil Corp.That is the case, providing, however, that the region can continue and even step up ef- forts to sustain economic and regulatory reforms and ensure a fair and transparent fiscal regime, Thompson said in a keynote address earlier this month at the Rio Oil & Gas Conference in Rio de Janeiro. The Oct. 16-19 conference was sponsored by the Instituto Brasileiro de Petroleo e Gas.Exxon...
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