Oil rich south american basin
9 Mar 2019 South America is relatively rich in mineral resources. Venezuela also has major deposits of oil and natural gas in the area surrounding El Tigre. the early 1970s in the Peruvian portion of the Amazon basin west of Iquitos. 4 Jan 2012 South America's economy is centered on the export of is rich diversity of natural resources. Tropical rainy conditions occur in the Amazon River basin, the Oil and gas extraction is the dominant industry of Venezuela, with 3 Feb 2019 The Permian, as vast as South Dakota, is distinct from other shale The Permian is rich in oil, and its shales are relatively easy to tap with today's rigs. of ProPetro, one of the basin's biggest fracking service companies.