The total crude oil and condensate production of South America in 2022 increased by 5.35% when compared with 2021. The largest oil-producing countries are Brazil, Colombia, and Ecuador. Through 2030, South American annual crude oil and condensate production are forecasted to decrease by a CAGR of 4.33%. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas fields profiles here.

In 2022, Brazil had the highest crude oil production, followed by Colombia and Ecuador. Here are the 10 largest crude oil fields by production in South America in 2022, according to GlobalData’s Oil & Gas, Upstream Fields Database.

1. Buzios IV (Franco)

Buzios IV (Franco) is located in Rio de Janeiro, Brazil. This crude oil field is owned by China National Offshore Oil; China National Petroleum; Petroleo Brasileiro and operated by Petroleo Brasileiro. The field produced 0.16mmbpd in 2022 and recovered 28.05% of its total recoverable crude oil and condensate reserves, with peak production in 2022. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2048. Buy the profile here.

2. Liza Phase 2

Liza Phase 2 is located in North Atlantic Ocean, Guyana. This crude oil field is owned by China National Offshore Oil; Exxon Mobil; Hess and operated by Esso Exploration and Production Guyana. The field produced 0.15mmbpd in 2022 and recovered 7.9% of its total recoverable crude oil and condensate reserves, with peak production in 2024. T Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2043.

3. Buzios III (Franco)

Buzios III (Franco) is located in Rio de Janeiro, Brazil. This crude oil field is owned by China National Offshore Oil; China National Petroleum; Petroleo Brasileiro and operated by Petroleo Brasileiro. The field produced 0.14mmbpd in 2022 and recovered 13.89% of its total recoverable crude oil and condensate reserves, with peak production in 2024. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067. Buy the profile here.

4. Buzios II (Franco)

Buzios II (Franco) is located in Rio de Janeiro, Brazil. This crude oil field is owned by China National Offshore Oil; China National Petroleum; Petroleo Brasileiro and operated by Petroleo Brasileiro. The field produced 0.13mmbpd in 2022 and recovered 24.98% of its total recoverable crude oil and condensate reserves, with peak production in 2021. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. Buy the profile here.

5. Buzios I (Franco)

Buzios I (Franco) is located in Rio de Janeiro, Brazil. This crude oil field is owned by China National Offshore Oil ; China National Petroleum; Petroleo Brasileiro and operated by Petroleo Brasileiro. The field produced 0.13mmbpd in 2022 and recovered 64.37% of its total recoverable crude oil and condensate reserves, with peak production in 2023. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2024. Buy the profile here.

6. Lula Alto

Lula Alto is located in Rio de Janeiro, Brazil. This crude oil field is owned by China Petrochemical; Galp Energia SGPS; Petroleo Brasileiro ; Pre-Sal Petroleo SA; Shell and operated by Petroleo Brasileiro. The field produced 0.13mmbpd in 2022 and recovered 20.13% of its total recoverable crude oil and condensate reserves, with peak production in 2018. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2099. Buy the profile here.

7. Roncador

Roncador is located in Rio de Janeiro, Brazil. This crude oil field is owned by Equinor; Petroleo Brasileiro and operated by Petroleo Brasileiro. The field produced 0.12mmbpd in 2022 and recovered 81.73% of its total recoverable crude oil and condensate reserves, with peak production in 2009. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. Buy the profile here.

8. Lula Norte

Lula Norte is located in Rio de Janeiro, Brazil. This crude oil field is owned by China Petrochemical; Galp Energia SGPS; Petroleo Brasileiro; Pre-Sal Petroleo; Shell and operated by Petroleo Brasileiro. The field produced 0.12mmbpd in 2022 and recovered 15.08% of its total recoverable crude oil and condensate reserves, with peak production in 2026. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2065. Buy the profile here.

9. Iracema Norte

Iracema Norte is located in Rio de Janeiro, Brazil. This crude oil field is owned by China Petrochemical; Galp Energia SGPS ; Petroleo Brasileiro; Shell and operated by Petroleo Brasileiro. The field produced 0.12mmbpd in 2022 and recovered 46.8% of its total recoverable crude oil and condensate reserves, with peak production in 2017. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. Buy the profile here.

10. Lula Central

Lula Central is located in Rio de Janeiro, Brazil. This crude oil field is owned by China Petrochemical; Galp Energia SGPS; Petroleo Brasileiro; Pre-Sal Petroleo ; Shell and operated by Petroleo Brasileiro. The field produced 0.11mmbpd in 2022 and recovered 47.89% of its total recoverable crude oil and condensate reserves, with peak production in 2018 The peak production was approximately 0.14mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2044. Buy the profile here.

For more details on the upstream fields, buy the profiles here.

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