- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year.
South and Central America Crude Oil and Condensate Production was 7,029 Thousand Barrels Daily in 2023, up 11.7% on 2022. Crude Oil and Condensate Production in South and Central America from 2015 to 2023 provides a clear and consistent view of the region's oil supply landscape, highlighting production trends, crude oil output, condensate volumes, and supply patterns over the observed period.
South and Central America Crude Oil and Condensate Production moved from 7,581 Thousand Barrels Daily in 2015 to 7,029 Thousand Barrels Daily in 2023 (−7.3%), an average of −0.9% a year. The series high was 7,581 Thousand Barrels Daily in 2015 and the low 5,744 Thousand Barrels Daily in 2020.
The gap between the series high (2015) and low (2020) is 1,837 Thousand Barrels Daily. The sharpest single-year move was +11.7% in 2023.
Within South and Central America, Brazil has the highest value in 2023 at 3,402 Thousand Barrels Daily, 48.4% of the regional total.
Country ranking
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By region
Thousand Barrels Daily, 2023. Each bar is that region's total.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
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| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 7,029 | +11.7% |
| 2022 | 6,295 | +8.8% |
| 2021 | 5,785 | +0.7% |
| 2020 Trough | 5,744 | −5% |
| 2019 | 6,048 | −3.7% |
| 2018 | 6,281 | −8.5% |
| 2017 | 6,861 | −4.7% |
| 2016 | 7,200 | −5% |
| 2015Peak | 7,581 | — |
Data definition
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in thousand barrels daily, the dataset reflects production from major oil-producing economies and serves as an important indicator of upstream activity, resource development, and regional energy supply.
Regional crude oil and condensate production declined from 7,581 thousand barrels daily in 2015 to 7,200 thousand in 2016, 6,861 thousand in 2017, 6,281 thousand in 2018, and 6,048 thousand in 2019. Production fell further to 5,744 thousand barrels daily in 2020 amid weaker demand and pandemic-related disruptions. Output stabilized at 5,785 thousand in 2021 before recovering to 6,295 thousand in 2022 and 7,029 thousand barrels daily in 2023. Brazil, the region's largest producer, increased production steadily from 2,437 thousand barrels daily in 2015 to 3,402 thousand in 2023. Argentina expanded output from 532 thousand to 946 thousand barrels daily, reflecting strong upstream investment. Colombia experienced a gradual decline from 1,006 thousand to 777 thousand barrels daily, while production from the remaining countries decreased from 3,606 thousand to 1,904 thousand barrels daily despite a modest recovery in the final years.
Overall, the dataset indicates a regional production decline through 2020 followed by a gradual recovery led primarily by Brazil and Argentina. The improvement after 2021 reflects renewed investment, stronger market conditions, and higher production from key oil fields, partially offsetting declines elsewhere in the region.
The dataset supports evaluation of regional oil supply, production performance, investment trends, energy security, long-term market analysis, and strategic decision-making for policymakers, researchers, and industry stakeholders.
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Definition- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
South and Central America Crude Oil and Condensate Production was 7,029 Thousand Barrels Daily in 2023, up 11.7% on 2022.
South and Central America Crude Oil and Condensate Production moved from 7,581 Thousand Barrels Daily in 2015 to 7,029 Thousand Barrels Daily in 2023 (−7.3%), an average of −0.9% a year. The series high was 7,581 Thousand Barrels Daily in 2015 and the low 5,744 Thousand Barrels Daily in 2020.
The highest value was 7,581 Thousand Barrels Daily in 2015 and the lowest was 5,744 Thousand Barrels Daily in 2020.
Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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