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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

    • Exchange control removal enhances Argentina's oil and gas investment climate
    • Market turmoil: the corporate and upstream response
    • Shell's Ariranha discovery sparks renewed interest in Campos Basin
    • Perenco’s Expansion: mature assets consolidation in Trinidad and Tobago
    • BpTT’s Ginger development announced to aid production decline
    • Shell sanctions Gato do Mato: its first Brazil’s pre-salt operated project
    • Petrobras expands exploration in Aram block with promising results
    • How much pre-salt exploration can still deliver ? The race for new commercial discoveries
    • 103 more item(s)...

Tables and charts

This report includes the following images and tables:

  • Wells results on the east sector of Campos Basin. Possible geological boundary (oceanic crust?).
  • Perenco assets in Trinidad and Tobago
  • Shell global deepwater production
  • Top 10 Brazil producers excluding Petrobras
  • E&A wells drilled in Aram block
  • Location of the main blocks with exploration activity, projects on going and candidate to the next bid round
  • Zama's Capex (2026-2030)
  • Key Updates on Mexico’s Energy Sector Reform
  • PEMEX production forecast (2025-2035)
  • Approved blocks for the next PSC round in Brazil
  • Key metrics of Equinor's areas in Vaca Muerta
  • 75 more item(s)...

What's included

This report contains:

  • Document

    Latin America upstream in brief

    PDF 34.29 MB