Insight
Latin America exploration: 2015 in review and what to look for in 2016
This report is currently unavailable
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.
Table of contents
-
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
Tables and charts
This report includes 7 images and tables including:
- Discovered resources by region in 2015
- Exploration wells completed in Latin America 2006-2015
- Discovered resources by country 2006-2015
- 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
- Top ten discoveries of 2015
What's included
This report contains:
Other reports you may be interested in
Country Report
Brazil upstream summary
New FPSOs bidding process still pending. After several delays, Petrobras pushed back the bidding for the two FPSOs in the ...
$9,450
Insight
Russia and Caspian upstream: 2022 in review
Russia’s invasion of Ukraine upended the state of play across the region. How did the upstream sector respond to heightened risks?
$1,350
Insight
Latin America upstream: 2023 in review
Recap of the key Latin America upstream trends and themes in 2023.
$1,350