Japanese oil company to explore Uruguayan offshore platform

Tuesday, May 28th 2013 - 21:39 UTC

Full article 6 comments

The Uruguayan offshore platform continues to advance its global positioning and increase its economic value as the Irish firm Tullow Oil, which is currently conducting exploration work in Block 15 of the Uruguayan offshore platform, sold 30% of its stake in its exploration contract to leading Japanese oil company Inpex. Read full article

Comments

Disclaimer & comment rules

Monkeymagic
All these “foreign” companies investing in Uruguay. Dont tell Stevie he thinks it is “common theft”...there again he is a penis!!
May 29th, 2013 - 11:36 am - Link - Report abuse 0
-+
manchesterlad
Another sign of Mercosur solidarity.........Petrobras out, YPF nowhere to be seen but BG, BP, Total & now the Japanese in!!!
May 29th, 2013 - 02:37 pm - Link - Report abuse 0
-+
Baxter
No big deal the Irish selling a concession to the Japanese ! But I take Manchesterlad point , where are Petrobras and YPF in all this ? Could be that Stevie has scared them off !
May 29th, 2013 - 03:29 pm - Link - Report abuse 0
-+
Stevie
Now we also got the Turks wanting to Invest in the Deep sea port...

To be honest, I'm not sure where to stand in all this, development is good, but at what price?

The railroads is a good thing, the deep sea port too, I hope.
I'm not so sure about the open mines, but we also got the Germans bringing eolic power in Artigas and Florida, and that is great.
As for the oil, that is a necessary evil, as we don't have the capacity to deal with that monster ourselves, so selling the contracts is the only option. Petrobras is very much involved, I'm not sure if YPF has any stakes though...

All in all, it's just happening too fast to grasp it all...
May 29th, 2013 - 04:52 pm - Link - Report abuse 0
-+
ChrisR
We could always ask YPF CEO Miguel Galuccio to come and take the responsibility of running the 'oil' sector for us: I mean, he has done such a stunning job for YPF, NOT.

LOLs
May 29th, 2013 - 06:06 pm - Link - Report abuse 0
-+
Baxter
5 . No doubt just the right person for the job !
May 29th, 2013 - 06:58 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!