(in South America)



AREA (on): 757,000 km2

OIL PEAK: 1982


Chile produces small amounts of onshore and offshore oil and gas from the Austral basin in the south of the ocuntry. There has been a rapid decline in oil output after peaking in 1982. However modest amounts of growth are now expected over the next decade as companies have increasedt their activity levels.

Gas production has had a bumpy producti nhistory with output now expected to increase steadily both from onshore and offshore as new gas networks are developed.



Chile imports most of its oil and gas. Imported supplies of gas dropped severely in 2007 as exports from Argentina were cut-off. These were partly replaced by increased imports of oil. As gas imports move upwards again from elsewhere so oil imports will decline once more and oil consumption will fall in the industrial sector.

Gas consumption will also grow as new sources of gas are realised in neighbouring countries although constrained by lack of supplies generally in the short term. It is now less likely that an LNG plant will be built on Chile’s Pacific coast taking gas from Bolivia and Peru for conversion and export to the USA.



This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.


An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.


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