Latin America upstream: 2016 in review

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

Latin America suffered from continued reductions to upstream capital budgets in 2016 as low oil prices forced companies to emphasise balance sheet protection over growth. E&P companies focused spending on their most strategic assets, while the region's NOCs sought to divest the tails of their portfolios. At the beginning of 2016, we outlined seven predictions of significant upstream milestones for the year. Six of those came true. In our Insight we review our predictions and explain where we forecast correctly and why we missed the mark on other events.

What's included

This report contains

  • Document

    Latin America upstream: 2016 in review

    PDF 264.52 KB

Table of contents

  • Junior company consolidation and asset sales to continue
  • Mexico's deepwater round will be a success
  • Petrobras will not hit its US$15.1 billion divestment target by end-2016
  • Vaca Muerta will become primarily a horizontal gas play
  • Guyana will join the ranks of upstream players
  • Colombia's production will continue to fall
  • Venezuela's upstream challenges will continue

Tables and charts

No table or charts specified

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898