Guyana High appearance as the latest Petrostate in the world, along with the increasing tensions between Washington and Karacas, firmly restored the oil industry in South America. The International Energy Agency (IEA) recently identified Brazil, Joyana and Argentina among the five best OPEC oil producers, who lead global production growth. All three South American countries are witnessing a large boom of oil, which places it among the major producers on the continent. Brazil, Argentina and Joyana are all on the right path to appear as an international energy player, which will be responsible for leading significant growth in production from now until the end of the contract.
1. Oil fields abroad pay the growth of Brazil production
Over the past decade, the Brazilian hydrocarbons product has expanded at a huge rate. By June 2025, it was more than 10 % of 10 % 10 years ago, as Brazil raises 4.9 million barrels of equivalent a day during this month. This hydrocarbone product consists of 3,755,759 barrels of crude oil and 1,142,038 barrels of natural gas. Brazil does not see its classification only as the largest oil producer in South America, but also the seventh largest producer in the world, behind OPEC member in Iraq and before another participant in Cartel, Kuwait. Brazil, which by the way is also the largest economy in South America, is responsible for 4 % of the total global oil production.
There are signs of more strong growth against the vital hydrocarbon sector in Brazil. Analysts expect crude oil production from the largest economy in South America to 5 million barrels per day by 2030. This will be driven by a great investment from Petrobras National Company in Brazil, which, according to the total national hydrocarbon, according to more than the country’s total hydrocarbon in the country.
Petrobras, from 2025 to 2029, allocated $ 77 billion to invest in exploration and production operations, of which $ 47 billion, or 6 %, is intended for pre -salt assets. It is the heavy oil fields in Brazil that leads the country’s oil boom and is responsible for the growth of solid production. Petrobras will be funded on the upper source 51 of 51 of the new wells for exploration and evaluation between 2025 and 2029. The state -controlled oil company in Brazil also plans to put 10 storage ships and empty floating production in the company.
This planned development will raise Petrobras production from 2.8 million barrels of what oil is equivalent daily for 2025 to 3.2 million barrels of the equivalent of oil by 2029, with 81 % of this hydrocarbon output out of salt. Incalously, the Petrobras’ UPSTREAM PORTFOLIO wallet has a low price of $ 28 a barrel, making it profitable even in low price environments. This makes the operations of the national oil company flexible in poor oil expectations, which enhances its ability to continue investing in the source operations to increase production even if prices decrease.
2. The production of shale oil is a blessing for Argentina
In a sudden development, Argentina has emerged, one of the most exposed economies in the world, as a leading product in South America in South America. The successful exploitation of the formation of Faquita Muirita, the millionaires, with an area of 8.6 million acres (3.5 million hectares), has greatly strengthened the production of oil and natural gas. As a result, the production of hydrocarbons in Argentina over the past two years has regularly reached new record levels, as the country has witnessed overcoming Colombia to become the third largest oil producer in South America.
During July 2025, Argentina raised an average of 804,667 barrels of crude oil and 5.7 billion cubic feet of natural gas per day, which represents an impressive growth on an annual basis of 19 % and 6 %, respectively. These production records strengthen a place for Argentina as the third largest oil producer in South America, behind Brazil and Venezuela. The high production of oil and shale gas, which constitutes nearly two -thirds of hydrocarbon production, is responsible for this impressive growth. Rocking oil oil 2025 increased by 31 % on an annual basis to the highest level ever at 513,074 barrels, while shale gas production increased by 5 % to 3.3 billion cubic feet per day,
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There is a strong growth for future production as the National Oil Company YPF intensifies investment in VACA MUERTA. The National Oil Company in Argentina is the largest home owners in the game of oil rock, as it controls 2.9 million acres. Oil and shale oil include 78 % of the reserves that have proven useful in YPF, which amount to 1.1 billion barrels of oil rewards and 58 % of the company’s production. YPF intends to invest $ 35.7 billion between 2025 and 2030, with $ 26.5 billion allocating for source operations. This will strengthen the company’s net hydrocarbons production to one million barrels per day by 2030, and it consists of 820,000 barrels of oil, 1.095 million barrels of natural gas and 170,000 barrels of natural gas fluids.
VACA MUERTA attracts great attention from Big Oil and smaller power companies, all of which seek to take advantage of low pharaoh costs for rocky and light high -quality sweet sweet raw oil. In fact, there is a significant investment in building the urgently required transportation and storage infrastructure in Faka Muirta, which will increase production. For these reasons, analysts expect Argentina to pump at least one million barrels of crude oil per day by 2030, or perhaps more, with some estimates that exceed 1.2 million barrels per day.
3. Production rises in Guyana, the latest state of Petro
Oil production in the small British colony of Guyana rises to record high levels. Within just four years, Exxon acquired its first global discovery, Liza-1, in the 6.6 million acres of STABROEK, which is 6.6 million acres to production with Liza Destiny FPSO coming online in 2019. This is very fast in an industry that can take one or more contract to develop major oil discoveries to submit to production. Since then, Exxon has equipped more than 30 discoveries in the Stabroek bloc, which contains Supermajor estimates about 11 billion barrels of recovered oil resources.
By July 2025, Guena raised more than 670,000 barrels of crude oil per day, making it the fifth largest oil producer in South America behind Colombia. The output will continue to grow with new online facilities in the Stabroek block. During early August 2025, GWEANA FPSO began working at Discovery Yellow. This ship has a capacity of 250,000 barrels per day. Upon reaching full production, expected by the end of the year, FPSO will enhance the production of Guyana to 900,000 barrels of oil per day. As a result, a country less than a million people will exceed Colombia and Argentina to become the third largest oil producer in South America.
Guyana is now a major producer and source of global oil, which will witness more production growth with Exxon development four additional energy projects. It is expected that three developments, Uaru, WhipTayil and Hammerhead, will start at the end of the contract, raising the production of oil in Guyana to about 1.7 million barrels per day by 2030. It is expected that the tall student proposed online will be developed during the year 2030, which increases 1.5 billion cubic feet and 2 can raise Guyana about 2.2 million barrels of the equivalent of oil per day by solutions The end of 2030, when the country occupies the largest hydrocarbons producer in the world.
Written by Matthew Smith for OilPrice.com
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