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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

    • Sandia-1 strengthens Colombia's gas future, without moving the needle on production timing
    • BP consolidates control of Calypso, deepening its Trinidad gas bet
    • Ecopetrol: Q2 2026 results and Brava control secured
    • 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)
    • 209 more item(s)...

Tables and charts

This report includes the following images and tables:

    GUA-OFF-0 Block: successful exploration and appraisal wellsCalypso's share of national productionMiddle Magdalena Valley Basin: Location of prospective unconventional areas and assets
    Polok-Chinwol Production (2032-2053)Vista Energy's Vaca Muerta blocksKan 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)
  • 183 more item(s)...

What's included

This report contains:

  • Document

    Latin America upstream in brief

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