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
History of Latin America there were several military incursions into Central America and the Caribbean, mostly in defense of commercial interests, which became known as the "Banana Wars." The greatest political upheaval in the second decade of the century took place in Mexico. In 1908, President Porfirio Díaz, who had been in office since 1884, promised that he would step down in 1910. Francisco I. Madero, a moderate liberal whose aim was to modernize the country while preventing a socialist revolution, launched an election campaign in 1910. Díaz, however, changed his mind and ran for office once more. Madero was arrested on election day