Operations

• 1.Lower Costs
  Onshore drilling typically incurs lower costs compared to offshore drilling. Building and maintaining drilling platforms and infrastructure in offshore locations is generally more expensive.
• 2.Easier Access
  Onshore drilling sites are often more accessible than offshore locations. This accessibility will reduce logistical challenges and transportation costs associated with moving equipment and personnel to remote offshore sites.
• 3.Less Complex Operations
  Onshore drilling operations tend to be less complex than offshore drilling operations. This simplicity will lead to reduced risk and fewer technical challenges, making onshore drilling more straightforward to manage.
• 4.Reduced Environmental Risks
  While onshore drilling still presents environmental risks, they are generally lower than those associated with offshore drilling. Onshore drilling would have a smaller impact on marine ecosystems and wildlife, and spills or accidents can often be contained more effectively on land.
• 5.Supports Local Economy
  Onshore drilling operations will provide economic benefits to local communities through job creation, tax revenue, and investment in infrastructure. This will stimulate economic growth and development in regions where drilling activities take place.
• 6.Regulatory Oversight
  Onshore drilling operations are typically subject to stringent environmental regulations and oversight by local and national authorities. This oversight will help in ensuring that drilling activities are conducted safely and responsibly, mitigating potential environmental impacts.
• 7.Technological Advancements
  Advances in drilling technology have improved efficiency and safety in onshore drilling operations. Techniques such as horizontal drilling and hydraulic fracturing (fracking) have increased the productivity of onshore wells, allowing for more cost-effective extraction of oil and gas reserves.

Overall, onshore drilling offers a balance of cost-effectiveness, accessibility, and regulatory oversight that makes it a preferred option for our company.

Conventional and unconventional oil and gas systems have been identified in the Chaco and Parana basins, both of which remain heavily unevaluated and ready for exploitation with contemporary exploration and development technology. Latin Energy Partners are now positioned to enter these under explored regions and begin maturing these considerable petroleum Resources into developed Reserves for sale into the lucrative oil and gas markets of South America.