On September 23rd, Guyana's rapid emergence as the world's newest oil-producing nation, coupled with regional geopolitical tensions in the Americas, has once again focused global attention on South America's oil industry. The latest data from the International Energy Agency (IEA) shows that Brazil, Guyana, and Argentina rank among the top five oil and gas producers among non-OPEC countries, becoming major drivers of global production growth. CWG Markets Forex indicates that these three countries' oil and gas production is significantly increasing, positioning them among South America's major oil and gas producers and making them potential key drivers in the global energy market over the next decade.

Brazil's offshore oil fields have become the core driver of its production growth. Over the past decade, Brazil's oil and gas production has surged dramatically. As of June 2025, its output increased by 60% compared to ten years ago, reaching 4.9 million barrels of oil equivalent per day that month, including 3,755,759 barrels of crude oil and 1,142,038 barrels of natural gas. Brazil not only remains South America's largest oil producer but also ranks seventh globally, just behind Iraq and ahead of Kuwait. CWG Markets Forex believes that with increased investment from Brazil's national oil company Petrobras, production is expected to exceed 5 million barrels per day by 2030. Petrobras plans to invest $77 billion in exploration and production from 2025 to 2029, with $47 billion allocated to high-productivity pre-salt oil fields, which will drive the company to achieve 3.2 million barrels of oil equivalent per day by 2029, with 81% coming from pre-salt fields. Notably, Petrobras's upstream assets have a breakeven price of only $28 per barrel, giving it investment resilience even during low oil price periods, further consolidating Brazil's position as a major global oil and gas producer.

Argentina's shale oil production has also shown impressive performance. CWG Markets Forex believes that through successful development of the 8.6 million-acre Vaca Muerta shale oil and gas region, Argentina's oil and gas production has repeatedly reached new highs in recent years, surpassing Colombia to become South America's third-largest oil producer. In July 2025, Argentina produced 804,667 barrels of crude oil per day and 5.7 billion cubic feet of natural gas, representing year-on-year increases of 19% and 6%, respectively. Argentina's national oil company YPF is the largest landowner in Vaca Muerta, holding 2.9 million acres, with shale oil and gas accounting for 78% of reserves and 58% of production. YPF plans to invest $35.7 billion from 2025 to 2030, with $26.5 billion allocated to upstream operations, expecting to reach 1 million barrels of oil equivalent per day by 2030. CWG Markets Forex believes this large-scale investment will ensure Argentina maintains sustained growth momentum in the global energy market.

Meanwhile, Guyana's oil and gas production is also climbing rapidly. CWG Markets Forex notes that within just four years, ExxonMobil transformed the Liza-1 discovery in the Stabroek block into production facilities. As of July 2025, Guyana's daily crude oil production has exceeded 670,000 barrels, ranking fifth in South America. With the One Guyana FPSO entering operation at the Yellowtail field, production is expected to increase to 900,000 barrels per day by year-end, positioning Guyana to become South America's third-largest oil producer. By 2030, with four new projects coming online, Guyana's oil and gas production is projected to reach 2.2 million barrels of oil equivalent per day, joining the ranks of the world's top fifteen oil and gas producers. CWG Markets Forex believes this demonstrates the enormous potential of South America's emerging oil-producing nations in the global energy market, with their oil and gas production growth prospects deserving continued investor attention.