This report discusses the potential for unconventional hydrocarbon production in Latin America. The authors note that production of unconventional hydrocarbons, such as tight oil, became prominent globally in 2010 and that governments in Latin America have recognized the need to attract experienced international operators and investors to develop these resources. However, the authors also note that the current low prices and increasing social and environmental pressures raise questions about the timing of Latin America's unconventional development. Despite these challenges, the report suggests that at least 1 million barrels of oil equivalent per day (mmboepd) of new unconventional production could come online in the region.
