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QS Energy Issues Update on AOT Opportunities in South America
QS Energy Issues Update on AOT Opportunities in South America.
About this update from Qs Energy, Inc.
[{"type":"text","content":"\nQS Energy Issues Update on AOT Opportunities in South America\n\nQS Energy Issues Update on AOT Opportunities in South America\n\nSANTA BARBARA, CA --(Marketwired - August 01, 2016) - QS Energy, Inc. (OTCQX: QSEP)Global Energy MarketsRegional Update: South AmericaThis is the second installment of our overviews of the world's most important oil producing regions. We provide these updates to share with investors our insights on today's highly dynamic global energy markets and to highlight strategic deployment opportunities for our AOT technology in these high-output areas. South America is the fourth largest continent (6,890,000 square miles) and is rich in natural resources which include gold, silver, copper, iron ore, tin, natural gas and oil. Collectively, the nations of South America produce some 6,000,000 barrels of oil daily and several of these producers have emerged as important exporters to the United States and other global markets. Although the peoples and nations of this part of the Western Hemisphere are often referred to as Latin America, our worldview is better informed by geology and the hydrocarbons underfoot and subsea, rather than by language and culture. At a later date we will be providing a separate regional update on Mexico, currently the 10th largest producer in the world. We believe Mexico represents an exceptional market opportunity for us as it is on the brink of massive new upstream production. After 75 years of state control, our neighbor to the south is auctioning off access to its most desirable deep water production blocks in the Gulf. Global energy powerhouses such as Shell, Chevron, ExxonMobil, British BP, French Total SA, Spanish Repsol, Norwegian Statoil and Mexican Pemex are expected to bid on the drilling rights which will likely yield 90,000 barrels per day according to Mexican officials. South America: Poised for GrowthA subcontinent of the Americas, South America consists of twelve sovereign states, plus French Guiana and the Falkland Islands, bordered by the Pacific Ocean, the Atlantic Ocean, and the Caribbean Sea. Among these nations, oil production is highest in Brazil, Venezuela, Argentina, Colombia and Ecuador. Known reserves in South America make up roughly 20 percent of the world's provable underground and subsea oil deposits. The greatest concentrations of oil and natural gas on t...