Insight
Latin America upstream: 5 things to look for in 2023
Report summary
Latin America is a large, diverse and resource rich area. The expectation is that 2023 will be another busy and challenging year for the upstream industry. The region managed to reverse the production decline trend but this is linked to only a few countries. Exploration activities in frontier areas will play a key role in keeping the future growth. Local NOCs are major players and, as such, are subject to to political changes. The future of the energy transition will depend on government guidance and the investment capacity of these companies. Read this insight for our take on: 1. Production growth forecast 2. Key project sanctioning decisions and potential inflation impacts 3. Exploration activities, specially deepwater and frontier areas 4. Energy transition and the role of local NOCs 5. Political aspects that impact the upstream industry
Table of contents
-
Executive summary
- 1. Production grows again, but how long can growth persist?
- 2. A big project FID list, prone to cost-related delays
- 3. Exploration stretches into more frontier regions
- 4. The energy transition will continue to evolve at a slow pace
- 5. Latin America’s political shift to the left
- What to look for in 2023 – a regional upstream series
Tables and charts
This report includes 1 images and tables including:
- Latin America liquids and gas production by resource theme
What's included
This report contains:
Other reports you may be interested in
27 January 2023
Latin America upstream: 2022 in review
Insight
Latin America upstream: 2022 in review
Our review of 2022 highlights main themes for Latin America, including investment, production, M&A, exploration, project FIDs and emissions.
$1,35023 November 2022
North Sea upstream: 5 things to look for in 2023
Insight
North Sea upstream: 5 things to look for in 2023
The UK could sanction the highest level of spend in 20 years but there is lots of uncertainty. It’s now or never for Cambo and Rosebank.
$1,35013 January 2023
North America coal: 5 things to look for in 2023
Insight
North America coal: 5 things to look for in 2023
Our North American coal analysts lay out the top themes to watch in 2023.
$1,100