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
- Colombia unconventional plays: A new government opens the door, but the hard work starts now
- Mexico deepwater gets a boost as Talos joins Repsol on Block 29
- Vista expands Vaca Muerta footprint through US$5.8 billion RIGI bid
- Kan do: Grupo Carso acquires stake in Harbour’s block 30 in shallow waters of the Gulf of Mexico
- Venezuela's oil recovery faces constraints: asset potential notwithstanding (Part 1)
- Drilling down: Brazil's exploration transition reaches a turning point
- Pampa Energia’s Rincón de Aranda becomes first upstream project to be approved under RIGI
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Recent insights and informs
- Petronas adds to growing Suriname portfolio with new Block 52 discovery
- Venezuelan earthquake leaves mass casualties, worsening economic crisis while oilfields remain operational
- Eni and XRG take Vaca Muerta upstream stakes to anchor Argentina LNG supply
- Colombia's upstream reset: fracking back on the agenda, gas crisis on the clock
- Shell secures a critical license for the Loran gas field, unlocking transboundary reserves in Venezuela
- Offshore Barbados 2026: 19 deep to ultra-deepwater blocks open for bidding
- TGS financing extends RIGI’s project finance playbook
- Chevron submits US$13.8 billion shale project under RIGI framework
- 199 more item(s)...
Tables and charts
This report includes the following images and tables:
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Middle Magdalena Valley Basin: Location of prospective unconventional areas and assetsPolok-Chinwol Production (2032-2053)Vista Energy's Vaca Muerta blocks
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Kan oil and gas production profileDeepwater E&A wells in the South Atlantic MarginOperator landscape in the Foz do Amazonas BasinLocation of Rincón de Aranda areaMap of Suriname exploration blocks, highlighting Petronas' key Block 52 discoveriesEarthquake epicenter relative to hydrocarbon infrastructureMap of Vaca Muerta areas acquired by Eni and XRG (32% WI each)Unconventionals' impact on total recoverable resources.Barbados offshore initiative 2026 acreage and current licenced operator acreage
- 181 more item(s)...
What's included
This report contains:
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