South America

South America is an emerging world economy, which has undergone rapid economic growth over the last decade. Primary energy consumption has more than tripled in the last 40 years according to the BP Statistical Review of World Energy (2017).

Currently gas makes up 22% of the energy matrix, and is set for continued growth (BP Statistical Review of World Energy, 2017). South America looks to meet ever-growing energy demand, whilst focusing on clean energy, meaning the future is natural gas.

The need for reserve replacement is increasingly in the spotlight as key economies seek to reduce their reliance on external LNG imports and boost domestic production. Existing infrastructure across a gas hungry continent makes South America a region rich in opportunities within the upstream sector. 

A Proven Hydrocarbon Province
South American is well renowned for its natural resources. The continent is estimated to hold proven oil reserves of over 327 billion barrels and natural gas reserves in excess of 268 Tcf. Undiscovered conventional natural gas resources have been estimated to hold as much as 678 trillion cubic feet of natural gas. This highlights the scale of potential gas opportunities that Latin America has to offer.

Hydrocarbon exploration exists across the entirety of South America both onshore and offshore. These basins include the prolific Tarija and Austral basins, recognised as provinces that may hold significant potential for undiscovered natural gas reserves.

The South America regional review provides a concise, one-stop guide to continually updated country specific oil company activity.

Each country report provides an overview of historic, current and future energy activity. Company profiles typically include operational activity, assets, capital expenditure, farm-in opportunities, outlook, latest news, people and global office locations. 

South America Energy Country Review covers 14 countries, 141 oil companies and over 300 key personnel. 

Subscriptions are available by individual country or full regional access.