Latin America upstream: 2023 in review

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

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

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Latin America Upstream 2023 In Review.pdf

    PDF 734.65 KB