Global Upstream Scouting | Americas | Booming Santos Production and Morpho Progress in Brazil, Oxy Prepping Peru Wildcat, Falklands Forging Ahead

Host Patrick Rutty and guest Tommy Liskey discuss Brazil’s record 4.6 MMbbl/d oil output, with Búzios alone topping 1 MMbbl/d and the country potentially approaching 5 MMbbl/d within five years. They then turn to whether Morpho’s light-oil discovery is genuinely commercial, particularly given the delay to the Manga follow-up well and the country’s election politics. Next they tackle Peru, where Oxy is preparing a deepwater wildcat as Chevron considers leaving the commitment block while retaining adjacent exposure. The episode closes with Sea Lion’s route toward first oil amid Argentine sanctions and supplier risks.