Insight
Latin America upstream: 2023 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In this review, we highlight the significant upstream events and trends of 2023 across Latin America. Production continues to grow, but this is concentrated in deepwater oil projects in Brazil and Guyana. Gas output was held flat a Argentina unconventional growth offset mature declines at countries like Bolivia. 2023 was a significant year for project sanctions, with US$20 billion in capex projects moving ahead. But there were also several key cancellations and deferrals with cost pressures the common reason. M&A was somewhat quiet outside of the large Chevron/Hess deal. Emissions performance and responses remain variable across countries. We also delve into the key trends in investment, revenue, production, M&A and decarbonisation.
Table of contents
-
Executive Summary
- 2023 in review – a global upstream series
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Latin America upstream in brief
The Latin America upstream in brief provides the Wood Mackenzie view on key industry events in Central and South America as they unfold.
$6,750
Insight
Latin America upstream in brief: 2023 archive
The Latin America upstream in brief provides Wood Mackenzie's view on key industry events in Latin America and the Caribbean as they unfold.
$1,350
Asset Report
Block 20 (Pungarayacu)
Pungarayacu is one of the largest undeveloped resources in Latin America with an estimated OOIP up to 12 billion barrels. It is an ...
$3,720
