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Latin America upstream in brief

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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

    • Chevron deepens Orinoco exposure through Venezuela asset swap
    • Petrobras confirms pre-salt hydrocarbon discovery at the Ruba Prospect, Campos Basin
    • Giant potential, giant complexity: BP’s Bumerangue discovery
    • Mexico’s shale gas revival to the test
    • Brazil's ANP approves 23 pre-salt blocks for production sharing permanent offer
    • Petrobras' Copoazu discovery offers Colombia relief after Papayuela setback
    • Petrobras pre-empts Brava to buy back Petronas’ stake in Tartaruga Verde
    • CNOOC expands Caribbean presence with Trinidad PSCs awards
    • 179 more item(s)...

Tables and charts

This report includes the following images and tables:

    New Chevron assigned area Ayacucho-8 in the Orinoco beltChevron's relinquished participation in offshore blocksRuba (1-BRSA-1404DC-RJS) well location map
    3D-seismic showing the Ruba prospect's discovery geological contextSummary of sensitivity scenariosBlocks offered in the Santos and Campos basinsTrinidad and Tobago 2025 DW bid round awarded blocksNCMA - Dragon production and Hibiscus-Point Fortin pipeline capacityProduction Blocks with SierraCol InterestExploration Blocks with SierraCol InterestTop assets by total PV post-tax (asset) base
  • 155 more item(s)...

What's included

This report contains:

  • Document

    Latin America upstream in brief

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