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
- Brazil OTC 2025: key trends to watch
- Brazil's flexible PSC terms drive offshore exploration revival
- Petrobras secures operational license for the Morpho drilling campaign in Brazil
- Equinor achieves first oil at the Bacalhau field
- YPF and Eni sign engineering agreement to export gas from Vaca Muerta
- Latest OFAC approval for T&T-Venezuela negotiations lifts gas export hopes
- Brazil launches first licensing round of non-contracted pre-salt areas, bidding terms released in October
- The Grupo Carso Ixachi deal and Harbour's Kan development indicate continued activity in Mexico's upstream sector
- 145 more item(s)...
Tables and charts
This report includes the following images and tables:
- Strong production growth this decade despite supply chain challenges
- Brazil's 2025 PSC round results
- Morpho well location, planned wells and blocks colored by operator at the Foz do Amazonas Basin
- Top assets by total PV-post tax
- Prospects remaining resources summary
- Bacalhau and Bacalhau Norte cash flow
- Argentina LNG Project Phases
- Natural gas fields and maritime border between Venezuela and Trinidad and Tobago
- Cashflow comparison with the DRO auction (bars) and without the DRO auction (line)
- Ixachi production forecast before and after Carso deal
- Major upcoming projects in Mexico: reserve estimates by FID status
- Guyana's reserves by discovery and Morpho pre-drill resource estimate
- 123 more item(s)...
What's included
This report contains:
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