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Latin America exploration: 2015 in review and what to look for in 2016


Latin America exploration: 2015 in review and what to look for in 2016

Report summary

Exploration activity in Latin America was very subdued in 2015, with exploration wells down over 60% year-on-year. Despite the lower well count, discovered resources were up compared to the dismal results of 2014. Large discoveries were made in five countries. The largest global oil discovery, Liza, was a frontier find in Guyana. More oil was found in Latin America than in any other region.
Exploration in 2016 will be very limited, but a high-risk, high-potential wildcat will finally be drilled in Uruguay. In addition, we expect offshore drilling to continue in Colombia and the Falkland Islands/Malvinas.


What's included?

This report includes 1 file(s)

  • Latin America exploration: 2015 in review and what to look for in 2016 PDF - 556.01 KB 7 Pages, 2 Tables, 5 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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.

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  • Executive summary
    • Discovered resources remain low in 2015
    • 2015 discoveries include several play openers
      • Guyana's Liza stands out as the largest global oil discovery
      • Deepwater Sinu basin in Colombia opened by Kronos
      • Two discoveries made in Falklands/Malvinas
      • Smaller Brazil discoveries still noteworthy
      • Conventional Argentina discovery merits attention
      • Bolivia finds oil after a long dry spell
    • Licensing in 2015 and opportunities in 2016
    • Exploration activity to watch in 2016

In this report there are 7 tables or charts, including:

  • Executive summary
    • Discovered resources by region in 2015
    • Exploration wells completed in Latin America 2006-2015
    • Discovered resources by country 2006-2015
    • Top ten discoveries of 2015
    • Exploration acreage awarded in 2015
    • Upcoming bid rounds in 2016
    • Latin America exploration: 2015 in review and what to look for in 2016: Image 5
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