Country report
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23 Pages

Chile upstream summary

Chile upstream summary

Report summary

The Republic of Chile, situated between the Pacific Ocean and the Andes mountain range, has been producing minor volumes of oil and gas since the 1950s. The country's oil production peaked in the early 1980s. All of Chile's oil and gas production is sourced from the Magallanes basin in the south, far from major demand centres.A decline in gas production has led to a volatile gas market in Chile. In 1997, import pipelines were constructed from Argentina, which led to rapid growth in ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.62 MB 23 Pages, 11 Tables, 10 Figures
  • Country Overview XLS - 420.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • The Magallanes (Austral) basin
  • Exploration
    • Licensing
    • 2007 licensing round
    • 2011 licensing round
    • Drilling
      • Drilling activity
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
  • Fiscal terms
    • Current fiscal terms
      • State equity participation
      • Carry and reimbursement
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Product pricing
      • Corporate (or petroleum) income tax

In this report there are 21 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2017
    • Liquids and Gas Production 2017
  • Geology
    • Map of Basins
    • Magallanes Basin Stratigraphic Column
  • Exploration
    • Map
    • Drilling Activity by Well Type
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquid Production by Basin
    • Production: Table 3
    • Production: Table 4
    • Gas Production by Basin
  • Infrastructure
    • Infrastructure: Table 1
    • Gas infrastructure
    • Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • GEM models
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