Bolivar Coastal Fields a major oil producing basin, but many areas remain poorly explored. The large exploration potential combined with the enormous amount of remaining oil in place in known reservoirs guarantees that the Maracaibo basin will have a long future as a major oil producing basin. Bolivar Coastal Fields The Bolivar Coastal Fields (BCF), also known as the Bolivar Coastal Complex, is located on the eastern margin of Lake Maracaibo, Venezuela. Bolivar Coastal Field is the largest oil field in South America with its 6,000-7,000 wells and forest of related derricks, stretches thirty-five miles along the north-east coast of Lake Maracaibo. They
Military history of South America Paraguayan War (also known as the War of the Triple Alliance), one of the most violent wars to be fought in South America, commenced in 1864 between Paraguay and the allied countries of Argentina, Brazil, and Uruguay. Paraguay had evolved since independence under the rule of the López family; government was harsh, and the López family ruled the country as it would a large property estate. Paraguay's President Francisco Solano López was deeply patriotic, but also ambitious, perhaps arrogant, and possibly insane. In the years before the war, he had invested heavily in building up a military and a standing