Prospects for Energy Resource Development in Latin America

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In many Latin American countries, governments are seeking to take advantage of abundant energy resources to strengthen economic development. Brazil’s new president, Jair Bolsonaro, has proposed new measures to facilitate investment in the country’s vast offshore oil reserves, including changes to contract terms for pre-salt oil blocks. In Colombia, the government of President Iván Duque has vowed to boost investment in oil exploration. He created a committee of experts that made recommendations on hydraulic fracturing in the country. In Guyana, a series of oil discoveries since 2015 has propelled the country into one of the top 25 oil-reserve holders, with commercial production expected to begin in 2020. Yet, developing energy resources in these countries poses an array of challenges. Regulatory bodies, for example, have to design terms for licensing rounds and effectively manage environmental and social impacts. What are the prospects for developing these resources and what are the key challenges for regulators?

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Agenda

9:15am – 9:30am

 

Registration

 

9:30am – 9:35am            

 

Opening remarks

 

 

 

Michael Shifter, President, Inter-American Dialogue (@MichaelShifter)

 

9:35am – 10:20am

 

Outlook for Colombia’s Oil sector

 

   

Speakers  

Diego Mesa, Vice Minister of Energy, Colombia (@ViceEnergia)

 

   

 

Luis Miguel Morelli, President, National Hydrocarbons Agency, Colombia (@lmmorelli)

 

   

Moderator 

Lisa Viscidi, Program Director, Energy, Climate Change & Extractive Industries, Inter-American Dialogue (@lviscidi)

 

10:20am – 11:00am           

 

Above-ground challenges: Local communities, Environmental Impacts, and Revenue Management

 

   

Speakers  

Julie Evans, Environmental and Social Manager, Americas Region, RINA Consulting

 

   

 

Lenin Balza, Economist, Extractive Sector Initiative, Inter-American Development Bank (@balzalh)

 

   

 

David Mares, Professor of Political Science, University of California, San Diego

 

   

Moderator 

Lisa Viscidi, Program Director, Energy, Climate Change & Extractive Industries, Inter-American Dialogue (@lviscidi)

 

Energy & Resources Committee Members