According to reports from BNamericas, exploration and production activity across Latin America and the Caribbean will continue recovering in 2021 and could see rapid acceleration as a COVID-19 vaccine becomes readily and widely available. Brazil, in part because of its sheer size, will likely lead the rebound, assisted by lower investments required on pre-salt production projects and the prospect of drilling rights auctions. However, there are also opportunities in Colombia where fracking pilots and new offshore exploration projects are expected to begin in 2021. Project developments are also increasing off the coast of Guyana and new deep-water prospects developing in neighbouring Suriname and Trinidad and Tobago.
After the COVID-19 pandemic forced much of Latin America into lockdown and significantly reduced energy demand, operators across the region are restarting suspended projects and upwardly revising capital spending.
Although COVID-19 has impacted our customers and their preferred way to do business, John Crane has continued to support customers through difficult operating conditions. There have been numerous examples when we have had to react quickly to support customers despite these challenging circumstances. We have been able to continue delivering innovative solutions, including seals, seal support systems and panels, and couplings, in addition to filtration systems and spare elements that improve processes and equipment reliability.
With prospects in Latin America looking more positive, our multiple John Crane locations throughout the region are suitably equipped and supported, and ready to help on your next project.
Here are just a few of the customer solutions that we have been able to deliver in Latin America over the last few months. Click in the links below to read the complete case studies.
John Crane’s Managed Reliability Program Saves Colombian Oil Pipeline Company More than $7 Million
John Crane Reliability Support Program Helps Colombian Refinery Save $12 Million, Records Mean Time Between Repair of More Than 250 Months
To discuss any applications questions with our Latin America engineers experts, Contact Us Today.