We use cookies on the public areas of our website. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. By continuing to browse the site you are agreeing to our use of cookies. If you would like to learn more about how we use cookies and how you can manage them, see our Privacy & Cookie Policy.
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.
Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Contact Us
Insight | Feb 2016
Latin America exploration: 2015 in review and what to look for in 2016
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.
