MercoPress. South Atlantic News Agency
Uruguay considering extending length of oil exploration contracts
Uruguay is considering extending the length of its oil exploration contracts with foreign companies drilling in its waters in order to shore up investment at a time of plunging crude prices, it said on Wednesday. BP, BG Group, Total, a joint venture of Tullow Oil and Inpex, and a consortium of YPF, Royal Dutch Shell and Galp all have exploration agreements and have invested around $2 billion to date. Read full article
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Disclaimer & comment rules“Uruguay is considering extending the length of its oil exploration contracts with foreign companies [from the EU & USA and doesn't give a fig about their noisy neighbour Argentina, and sees this as a way to strengthen ties with the Falkland Islands and the rest of the 1st World].”
Apr 10th, 2015 - 04:22 am - Link - Report abuse 0there, fixed that for you MP.
Can I have a job as a sub-editor, you know, one who thinks the truth should be published?
ANCAP are the worst run company in Uruguay in my experience.
Apr 10th, 2015 - 05:44 pm - Link - Report abuse 0The government will see to it that any company stupid enough to invest here will loose it's shirt because they just do not understand how capitalism works. They think ALL businesses are making huge profits and need to be harshly taxed just to get the paying field level.
Stupid, stupid people, the Broad Fraud.
if they do, will CFK sue him,
Apr 10th, 2015 - 06:46 pm - Link - Report abuse 0besides is not that argentine territory, surely it is, everything within 300 miles belongs to Argentina.
Don't hold your breath regarding oil prospecting in Uruguay. There have been dozens of disappointments over the last 50 years, at least. We'll have to think of some other way to get rich. Anyway, productive oilfields are no guarantee of a strong economy. Look at Venezuela and Argentina.
Apr 10th, 2015 - 11:16 pm - Link - Report abuse 0True.
Apr 11th, 2015 - 06:43 pm - Link - Report abuse 0@4
Apr 12th, 2015 - 03:05 am - Link - Report abuse 0Vnzla got $800 billion from oil in the past 15 years of 'chavismo', but is broke, and begging for China to increase its $25 billion loan.
It only has a population of 28 million.
There is no toilet paper, shampoo, rice or chicken in the supermarkets.
25000 people die in violent deaths in the streets EVERY YEAR.
If anyone can tell me how, or why, this makes sense I will give them my apartment in London as a prize!
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