Latin America upstream in brief

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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.

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Tables and charts

This report includes 20 images and tables including:


  • Mexico Ixachi-1 Discovery
  • Blocks awarded in Ronda V and Plan Exploratorio del Neuquen
  • Piedra Sola block, Norte basin
  • Mexico Shallow-water Round 3.1
  • Peru offshore blocks
  • Libra cash flow (US$M) under base and low case LC commitments
  • ExxonMobil's Turbot-1 Guyana discovery
  • Argentina unconventional gas production
  • Proposed blocks in Suriname
  • Round 3 blocks on offer
  • IRR sensitivies
  • X-Factor comparison
  • Sinu-San Jacinto exploration blocks
  • French Guiana and surrounding basins
  • Argentina Vaca Muerta new blocks


  • Intracampos fields
  • Model contract terms

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