Insight
Latin America upstream in brief
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Latin America upstream in brief provides Wood Mackenzie's view on key industry events in Mexico and the Caribbean, Central and South America as they unfold. Declining legacy onshore production has been met with a highly active offshore sector. Discoveries in Guyana, Brazil, Colombia and Mexico are reshaping the upstream landscape south of the border. Argentina also stands out through its burgeoning shale developments, one of the few bright spots for unconventionals outside the United States. Strong licensing activity, led by Brazil and Mexico, has drawn a diverse landscape of players exploring new opportunities in the region. We cover these issues, and more, in the Latin America upstream in brief.
Table of contents
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Recent insights and informs
- Will IBAMA’s green light to Petrobras simulation fast-track Morpho drilling?
- GeoPark finally secures Vaca Muerta blocks following deal with Pluspetrol
- ExxonMobil sanctions Hammerhead heavy oil project – Guyana's seventh FPSO development
- Trinidad's deepwater attracts modest interest despite vast acreage offered
- The high CO2 trend area in the Santos Basin continues to haunt
- Challenger Energy drives Uruguay exploration momentum
- Chevron gets green light for Peru offshore acreage acquisition
- Brazil launches first licensing round of non-contracted pre-salt areas
- 138 more item(s)...
Tables and charts
This report includes the following images and tables:
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Guyana's reserves by discovery and Morpho pre-drill resource estimatePluspetrol blocks acquired by GeoPark (in yellow)Hammerhead incremental cash flow (US$ billion)
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2025 Deep Water Round blocks receiving bidsBlocks along the high CO2 content trend. Ametista and Esmeralda: available blocks for the upcoming PSC bidding round in the Santos BasinUruguay offshore exploration blocksPeru exploration and appraisal wells (2009-2024)Blocks Z-61, Z-62 and Z-63Chart 1: potential signature bonus under different scenarios – revenues net of production costs and royaltiesChart 2: cashflow comparison with the DRO auction (bars) and without the DRO auction (line)Potential impact on the ANP reference price for a range of oil typesSensitivity case ran in Lens of potential value creation for Tartaruga Verde
- 114 more item(s)...
What's included
This report contains:
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