Resource Nationalization Will Hamper Oil and Gas Industry Growth in Resource Rich South America

1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 GlobalData Viewpoint 6
2.1 Summary 6
3 Resource Nationalization Will Hamper Oil and Gas Industry Growth in Resource Rich South America 7
3.1 Huge Oil and Gas Reserves Make South America a Prominent Investment Destination Globally 7
3.2 Brazil Leads the Way in New Oil Discoveries and Attracting Foreign Investments in South America 10
3.3 Resource Nationalization, As Endorsed by Venezuela and Bolivia, Will Impact Oil and Gas Industry Growth in South America 11
3.4 Conclusion 12
4 Related Financial Deals 13
5 Recent Developments 17
5.1 May 12, 2009: GTLI Finds Natural Gas Reserves At PMR-15 Well In Bolivia 17
5.2 May 27, 2009: PDVSA Steps Up Exploration And Production Plans 18
5.3 May 08, 2009: Venezuelan Government Seizes Williams' Two Assets 19
6 Appendix 20
6.1 Methodology 20
6.1.1 Coverage 20
6.1.2 Secondary Research 21
6.1.3 Primary Research 21
6.1.4 Expert Panel Validation 22
6.2 Contact Us 22
6.3 About GlobalData 22
6.4 Disclaimer 22

1.1 List of Tables
Table 1: PDVSA Plans To Issue Bonds For $3 Billion 13
Table 2: PDVSA To Acquire Inelectra's Venezuela Operations 14
Table 3: PetroChina Forms Joint Venture With Petroleos de Venezuela 15
Table 4: Schlumberger To From A Joint Venture With Petroleos de Venezuela 16

1.2 List of Figures
Figure 1: Crude Oil Reserves (Million Barrels), South America, 2003-2008 8
Figure 2: Natural Gas Reserves (Billion Cubic Feet), South America, 2003-2008 9
Figure 3: GlobalData Methodology 20