LACPEC Calls for Synergy and Excellence on the Application of Technology

The SPE Latin America and Caribbean Petroleum Engineering Conference concluded with a resounding note on driving operational excellence in the upstream petroleum sector across the region.

Buenos Aires, Argentina (12 June 2017)— LACPEC came to a successful end in Buenos Aires, Argentina, home of the second largest unconventional gas resources in the world, and featured the exclusive participation of Daniel Redondo, Secretary of Strategic Energy Planning, Ministry of Energy and Mines, Argentina, and executives from YPF.

Over 550 E&P professionals from government, operators, service providers, and academia came together to uncover the scale of unconventional resource opportunities and the latest business intelligence strategies and technological breakthroughs in the Latin American upstream sector.

Under the theme “Creating Opportunities Today for a Better Tomorrow,” LACPEC offered a stellar technical program with 135+ papers on EOR, IOR, HSSE, heavy oil, mature fields, tight and shale resources, and reservoir management. Presented papers are now available at OnePetro.

The opening ceremony featured General Chairperson Santiago Martinez Tanoira, YPF; Daniel Rosato, SPE Argentine Petroleum Section Chair; Janeen Judah, 2017 SPE President; and Daniel Redondo, Secretary of Strategic Energy Planning, Ministry of Energy and Mines. Carlos Colo, YPF; Hector Manosalva, Ecopetrol; and Anelise Lara, Petrobras, joined the plenary session.

Global leaders from Wintershall, ExxonMobil, Tecpetrol, Tenaris, Schlumberger, and more actively participated in the two keynote panels addressing the Vaca Muerta developments and the advances in business intelligence and data analytics in the E&P industry.

Miguel Lavia, Universidad de Buenos Aires, moderator of the unconventional resources panel shared, “the amount of hydrocarbon resources in Vaca Muerta are huge and it presents a challenge, but also a great opportunity. Important investments in pilot projects and development plans are already in progress. The significant cost reduction, best technology, productivity increase per well already achieved and a fast learning curve lead to a low breakeven development cost per barrel.”

Thanks to the support of the Instituto Tecnológico de Buenos Aires, LACPEC held regional student activities such as the Student Paper Contest and Petrobowl qualifier. The regional first place victors of the student paper contest were Marjohny Lorene Long, Universidad Central de Venezuela, and Ricardo Vasconcellos Soares, University of Campinas, in the Undergraduate and Master’s Divisions respectively. They will participate in the 2017 International Student Paper Contest at the SPE Annual Technical Conference and Exhibition in San Antonio, 9–11 October 2017.

LACPEC also includes a regional exhibition highlighting the newest technologies and solutions to streamline operations, reduce costs and time, and keep employees safe. In addition, there was a young professionals session on building competencies for a successful E&P career.

The LACPEC 2017 Program Committee and SPE leadership thanked delegates, sponsors, and exhibitors for attending this year’s conference. View photos and learn more about this year’s event.
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