South America natural gas production was 3,091.01bcf in 2022 a decrease of 1.5% compared with 2021. The largest gas-producing countries are Argentina, Peru, and Bolivia. Through 2030, South America gas production is forecasted to decrease by a CAGR of 7.95% to reach 1,552.38bcf. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil and gas fields segment. Buy the oil and gas fields profiles here.
Here are the 10 largest upcoming natural gas fields by reserves in South America, according to GlobalData’s Upstream Fields database.
1. Block 58
Block 58 is located in Cusco, Peru. This natural gas field is owned by China National Petroleum (100%) and operated by CNPC Peru. Production from this field is expected to begin in 2023 and is forecasted to peak in 2024 at approximately 404.5mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2058. The project is expected to have recoverable reserves of 2,027bcf of natural gas. Buy the profile here.
2. Dragon
Dragon is located in Sucre, Venezuela. This natural gas field is owned by Petroleos de Venezuela (100%) and operated by Petroleos de Venezuela. Production from this field is expected to begin in 2024 and is forecasted to peak in 2013 at approximately 12.19mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057. The project is expected to have recoverable reserves of 1,935bcf of natural gas.
3. Seat
Seat is located in Rio de Janeiro, Brazil. This natural gas field is owned by China Petrochemical (24%), Equinor (35%), Petroleo Brasileiro (30%), Repsol (22%), and operated by Equinor Brasil Energia. Production from this field is expected to begin in 2027 and is forecasted to peak in 2028 at approximately 212.03mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The project is expected to have recoverable reserves of 775bcf of natural gas. Buy the profile here.
4. Hidra-Ara Sur-Kaus-Argo-Canadon Alfa-Antares-Orion-Orion Norte-Spica-Carina-Aries-Vega Pleyade-Fenix
Hidra-Ara Sur-Kaus-Argo-Canadon Alfa-Antares-Orion-Orion Norte-Spica-Carina-Aries-Vega Pleyade-Fenix is located in Tierra del Fuego Province, Argentina. This natural gas field is owned by BASF (25.23%), BP (22.50%), Bridas Energy Holdings (6.25%), China National Offshore Oil (6.25%), LetterOne Holdings (22.38%), TotalEnergies (37.50%), and operated by Total Austral. Production from this field is expected to begin in 2025 and is forecasted to peak in 2027 at approximately 229.22mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2038. The project is expected to have recoverable reserves of 722bcf of natural gas. Buy the profile here.
5. Gavea
Gavea is located in Rio de Janeiro, Brazil. This natural gas field is owned by China Petrochemical (24%), Equinor (35%), Petroleo Brasileiro (30%), Repsol (22%), and operated by Equinor Brasil Energia. Production from this field is expected to begin in 2027 and is forecasted to peak in 2028 at approximately 141.05mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The project is expected to have recoverable reserves of 516bcf of natural gas. Buy the profile here.
6. Pao De Acucar
Pao De Acucar is located in Rio de Janeiro, Brazil. This natural gas field is owned by China Petrochemical (24%), Equinor (35%), Petroleo Brasileiro (30%), Repsol (22%), and operated by Equinor Brasil Energia. Production from this field is expected to begin in 2027 and is forecasted to peak in 2028 at approximately 141.66mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The project is expected to have recoverable reserves of 524bcf of natural gas. Buy the profile here.
7. Malombe
Malombe is located in Espirito Santo, Brazil. This natural gas field is owned by 3R Petroleum Oleo E Gas (50%), DBO Energia (50%), and operated by OP Energia. Production from this field is expected to begin in 2023 and is forecasted to peak in 1971 at approximately 0.25mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The project is expected to have recoverable reserves of 470bcf of natural gas. Buy the profile here.
8. Gaviao Tesoura
Gaviao Tesoura is located in Maranhao, Brazil. This natural gas field is owned by Eneva (100%) and operated by Eneva. Production from this field is expected to begin in 2024 and is forecasted to peak in 2026 at approximately 16.38mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2064. The project is expected to have recoverable reserves of 89bcf of natural gas. Buy the profile here.
9. Cornamusa
Cornamusa is located in Sucre, Colombia. This natural gas field is owned by Canacol Energy (100%) and operated by CNE Oil and Gas. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025 at approximately 10.42mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057. The project is expected to have recoverable reserves of 47bcf of natural gas. Buy the profile here.
10. Parva Negra
Parva Negra is located in Neuquen Province, Argentina. This natural gas field is owned by Exxon Mobil (29.75%), Gas y Petroleo del Neuquen (25%), Pampa Energia (42.50%), QatarEnergy (22.75%), and operated by Pampa Energia. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025 at approximately 8.05mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2045. The project is expected to have recoverable reserves of 35bcf of natural gas. Buy the profile here.
For more details on the upstream fields, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
