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Latin America upstream in brief: 2023 archive

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The Latin America upstream in brief provides Wood Mackenzie's view on key industry events in Latin America and the Caribbean as they unfold.

Table of contents

  • Petrobras acquires three exploratory blocks in São Tomé and Príncipe
  • Petronas, TotalEnergies, QatarEnergy and Shell consolidate their presence offshore Suriname
  • What does Venezuela put at risk with a Guyana annexation attempt?
  • Petrobras unveils its 2024-2028+ strategy
  • Mexico’s FLNG Lakach development is cancelled due to capex increases
  • Strategic pivot for Canacol: navigating challenges in Colombia and exploring new horizons in Bolivia
  • Is Brazil oil output at risk? We outline a potential 0.6 million b/d downside in our peak forecast
  • Petronas announces material oil discovery in Suriname’s Block 52 while next bid round gets clarity
  • Guyana gets good news: offshore bid round making progress and a very successful outcome at the Lancetfish-2 well
  • EUR/well dataset is now live in Lens! Fields with higher EUR/well will drive deepwater production growth in Latin America
  • Chevron gains stake in coveted Guyana production
  • Presidential elections in Ecuador
  • 34 more item(s)...

Tables and charts

This report includes the following images and tables:

    São Tomé and Príncipe’s blocks colored by operatorSuriname top acreage holders after the 2022 Demerara RoundGuyana and Suriname Blocks, including on offer and recently awarded ones
    Territory claimed by VenezuelaFive-year corporate budget up 31%Lakach, Piklis and Kunah offshore gas fieldsCanacol's blocks in BoliviaJobo-Medellin pipeline projectBrazil’s oil production under different scenariosFPSOs historical (installation date) and Woodmac’s forecast (first oil dates)Shallow Offshore 2 Bid Round (SHO2)Guyana's first offshore bid round awards eight new blocks
  • 35 more item(s)...

What's included

This report contains:

  • Document

    Latin America upstream in brief: 2023 archive

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