Insight
After the crash – what’s changed in Latin America upstream?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Latin America responded quickly to the oil market downturn with a strong near-term investment cut driven mostly by suspension in drilling activities. Comparing our latest data with our Q1 2020 view reveals the region had the largest relative 2020 capex cut globally. NOCs and Majors cut production and pushed back imminent FIDs. However, as Latin America has many large developments that break even below US$40/bbl, several projects are still under operators’ priority list. Our outlook for Latin America upstream sector has changed dramatically: - Capex slashed by 39% in 2020: which countries have been impacted the most? - Production down 7% this year: how has our modelling changed and what are the long-term implications? - NPV10 down from US$348 to 247 billion: which resource themes have been hit the hardest?
Table of contents
- Executive summary
- What’s changed in Latin America?
Tables and charts
This report includes the following images and tables:
- Pre- and post-crash investment forecast for Latin America
What's included
This report contains:
