Latin American oil auction bonanza

Latin America will this year host the most licensing rounds in its history, opening about 1,100 oil and gas blocks for foreign investment


MEXICO
March: 35 blocks (shallow water)
July: 37 blocks (onshore)
Sept: Nine blocks (unconventional)

COLOMBIA
April: 15 blocks (onshore)
May: 25 blocks on permanent offer (onshore and offshore)*

BRAZIL
March: 70 blocks (onshore and offshore)
May: 846 blocks on permanent offer (onshore and offshore)
June: Five blocks (in pre-salt area)

PARAGUAY
Q2 2018: Two blocks

URUGUAY
April: Results expected for 17 blocks (offshore)

ARGENTINA
July: Three sedimentary basins (offshore)†


UNITED STATES
MEXICO
PACIFIC OCEAN

Gulf of Mexico
Mexico City

COLOMBIA
Bogotá
ATLANTIC OCEAN
BRAZIL
Brasília
PARAGUAY
URUGUAY
Buenos Aires
ARGENTINA

Pre-salt area (high potential oil prospects)

1,000km 625 miles


*Not shown on map
†Map shows basin areas (blocks not yet announced)


Sources: ANH, ANCAP, ANP, Argentine government, CNH, Petropar, Reuters 
© GRAPHIC NEWS