BP interested in LatAm expansion
Multinational 
HOUSTON, May 1, 2018 – Super-major BP is looking to expand in several South American markets as well as Mexico, a company executive told international media on Monday.
Speaking to Reuters, BP Latin America chief Felipe Arbelaez discussed opportunities in countries including Argentina, Guyana and Colombia. Arbelaez also said the company was deciding whether or not to enter upcoming E&P auctions in Brazil and Mexico.
“These countries are reopening for foreign investment. We think that will benefit the countries because they will have a wider number of experienced operators and because they will be capable of better developing and marketing their resources,” he said.
Brazil’s next auction will be held in June for pre-salt blocks. Mexico has postponed Round 3.2, initially scheduled for July, and will hold a twin tender in September for onshore conventional and unconventional areas.
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