Insight
Latin America upstream in brief
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Latin America upstream in brief provides Wood Mackenzie's view on key industry events in Mexico and the Caribbean, Central and South America as they unfold. Declining legacy onshore production has been met with a highly active offshore sector. Discoveries in Guyana, Brazil, Colombia and Mexico are reshaping the upstream landscape south of the border. Argentina also stands out through its burgeoning shale developments, one of the few bright spots for unconventionals outside the United States. Strong licensing activity, led by Brazil and Mexico, has drawn a diverse landscape of players exploring new opportunities in the region. We cover these issues, and more, in the Latin America upstream in brief.
Table of contents
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Recent insights and informs
- The high CO2 trend area in the Santos Basin continues to haunt
- Challenger Energy drives Uruguay exploration momentum
- Chevron gets green light for Peru offshore acreage acquisition
- Brazil launches first licensing round of non-contracted pre-salt areas
- Brazil revises oil reference pricing to boost royalty revenues
- Petronas looks to divest its stake in the Tartaruga Verde field
- Petrobras begins critical environmental test for the Morpho well in the Foz do Amazonas basin
- Brazil’s regulator confirms seven blocks for the October offshore production-sharing round
- 134 more item(s)...
Tables and charts
This report includes the following images and tables:
- Blocks along the high CO2 content trend. Ametista and Esmeralda: available blocks for the upcoming PSC bidding round in the Santos Basin
- Uruguay offshore exploration blocks
- Peru exploration and appraisal wells (2009-2024)
- Blocks Z-61, Z-62 and Z-63
- Chart 1: potential signature bonus under different scenarios – revenues net of production costs and royalties
- Chart 2: cashflow comparison with the DRO auction (bars) and without the DRO auction (line)
- Potential impact on the ANP reference price for a range of oil types
- Sensitivity case ran in Lens of potential value creation for Tartaruga Verde
- Wells expected to be drilled in the Foz do Amazonas Basin by 2028 marked in blue
- Exploration blocks available for the production-sharing round
- Natural gas production forecast versus established output target in 2028
- Mexico's liquid production forecast versus established output target in 2028
- 110 more item(s)...
What's included
This report contains:
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