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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

    • PEMEX revives unconventional ambitions with 'complex geology' development program.
    • BP's Bumerangue discovery in Brazil could be the biggest global deepwater find in 15 years
    • Chevron authorized to maintain Venezuelan oil operations despite undisclosed licensing terms
    • ExxonMobil in talks with Trinidad and Tobago for deepwater exploration rights
    • Partnership deal aims to bring Peru's Block 192 back online by 2026
    • Chevron closes Hess deal, gains premier Guyana growth engine
    • Brazil’s regulator approves 15 companies for the October offshore production-sharing round
    • YPF operations proceed normally despite the adverse ruling against the Argentine government
    • 123 more item(s)...

Tables and charts

This report includes the following images and tables:

  • PEMEX exploration blocks with unconventional potential.
  • Bumerangue block in the Santos Basin
  • Trinidad and Tobago’s open and unoffered acreage
  • Block 192 past and future contribution to Peru's total oil production
  • Exploration blocks available for the production-sharing round
  • YPF's share price (26 June - 8 July)
  • Ecopetrol’s discovered resources by commerciality in Colombia 2014-2024
  • GranMorgu and Baja production
  • Mexico´s liquids production and rig count
  • Suriname offshore rig contracts 2025-2029
  • Guyana and Suriname active blocks by operator and unlicensed acreage
  • 96 more item(s)...

What's included

This report contains:

  • Document

    Latin America upstream in brief

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