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
- Eni's Junín-5 bold bet
- Brazil: President Luiz Inácio Lula da Silva wins re-election
- Neuquén's Ronda 1/20026 results are in: winning bidders commit US$230 million in exploration investment
- ENAP's US$207 million Ecuador deal cements the country as its primary international upstream platform
- Luis Constante, Senior Research Analyst, 21 October 2026
- Brazil OPP-4 and OPC-6 rounds: strong results despite selective bidding
- Juliana Teixeira, Senior Research Manager, 7 October 2026
- Gulf of America operators are betting on Mexico
- 191 more item(s)...
Tables and charts
This report includes the following images and tables:
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Modeled phases for Junin 5Rigs required for each phase of Junin 5 developmentJunin 5 primary vs secondary reserves
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Map of awarded blocks and evacuation infrastructureBlock 10 map and its two main fields: Villano and Oglan.Blocks offered and awarded in the 4th Production Sharing Permanent Offer (OPP-4)Mexico vs US net production, selected cross-border operatorsRonda 1/2026 provisional bid results by blockReported (unconfirmed) areas of interest in the Orinoco beltOrinoco production recovery has been broad but uneven in 2026Blocks offered in the 4th Production Sharing Permanent Offer (OPP)Land and sea routes from the Falkland Islands
- 157 more item(s)...
What's included
This report contains:
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