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(OM) Challenger Energy Group (CEG) expects to fulfil its work commitment for the first four-year exploration period on the AREA OFF-1 Block offshore Uruguay during second-quarter 2023. This includes 2D seismic reprocessing and various technical studies. In parallel, the company is seeking a farm-out to bring in a partner to fund an accelerated 3D seismic acquisition program.... Continue Reading →
Uruguay's state oil company ANCAP has awarded two offshore blocks to Argentina's YPF and a consortium between Shell and APA (ex-Apache). Shell and APA Corporation won the rights to Area OFF-4, where the consortium has committed to conducting 3D seismic acquisition. YPF won the AREA OFF-5 deepwater offshore block. Below is the committed exploratory program... Continue Reading →
TGS has commenced a 3D data reprocessing program offshore Uruguay, which covers blocks in the country’s active licensing round. Tannat 3D PSDM Repro consists of 25,000 square kilometers. According to TGS, the data will be regionally integrated and reprocessed using advanced techniques, including de-ghosting, improved velocities and pre-stack merge and migration to depth. This newly... Continue Reading →
With the current energy crisis and clean energy transition taking centre stage, companies are shifting focus to lower-risk core assets and regions, thus, Rystad Energy, an energy intelligence group, forecasts that the global oil and gas exploration spending and activities are expected to shrink even further this year as the number of licensed blocks and total acreage fall... Continue Reading →
(epbr) Uruguay will test investors' appetite to develop green hydrogen projects in the South Atlantic by bidding for 10 offshore wind-generating blocks in the coming months. State-owned energy company Ancap plans to publish the bidding rules this year and choose winners in the second quarter of 2023, company president Alejandro Stipanicic said. He is optimistic... Continue Reading →
(OE) Uruguay's ANCAP has awarded three of the six available offshore blocks on its continental shelf to Shell and Apache, following bids received in the most recent ANCAP 2022 Open Bidding Round. Shell won the rights to the shallow-water block OFF-2 and deepwater Block OFF-7. Apache won the rights to the Block OFF-6. The award... Continue Reading →
Challenger Energy, the company previously known as the Bahamas Petroleum Company, has formally signed a license agreement for the AREA OFF-1 petroleum license offshore Uruguay. The AREA OFF-1 license has a total area of approximately 15,000 km2 and is situated in water depths from 20 to 1000 meters, approximately 100 kms off the Uruguayan coast.... Continue Reading →
(OM) PGS is making available time products for an 11,000-km (6,835-mi) reprocessed seismic volume covering an extension of Uruguay's shallow and deepwater provinces, from the Pelotas basin to the Punta del Este basin. The package includes ties to the company’s 15,600-sq km (6,023-sq mi) 3D GeoStreamer dataset, allowing analog assessment of the recent equatorial margin... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 2, 2020, informs that its indirect subsidiary Petrobras Uruguay Sociedad Anónima de Inversión (PUSAI), concluded today the sale of its entire stake in Petrobras Uruguay Distribución S.A. (PUDSA), in Uruguay, to Mauruguay S.A., an indirect wholly-owned subsidiary of Disa Corporación Petrolífera S.A.... Continue Reading →
Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques. "This rejuvenation will provide new, reprocessed 2D seismic that will tie with PGS’ existing 15 600 sq.... Continue Reading →
Brazil Energy Insight 