Uruguay's government oil corporation Ancap has received expressions of interest from at least 10 foreign companies for 15 offshore oil and gas exploration blocks it is offering in its second licensing round, a company official said in Geneva.
Uruguay detailed plans to auction 15 offshore exploration blocks on Thursday, part of the energy-short country's efforts to reduce its dependence on imports of oil and natural gas.
Uruguay’ government owned oil corporation ANCAP said on Friday it had begun exploratory drilling inland with its own resources. The announcement was done during the presentation of the II Uruguay Round to tender offshore exploratory blocks which has attracted interest from several regional and international corporations.
Uruguay confirmed a second round of offshore lease bidding for hydrocarbons exploration next September. The country’s state run oil refining company ANCAP plans to offer 15 areas with sizes ranging from 2,300 sq km to 12,000 sq km, said sources from the Ministry of Industry, Energy and Mining.
In anticipation of Uruguay Oil Round II, scheduled for next September, Singapore based Reflect Geophysical Pte Ltd announced the completion of the survey for the acquisition of geophysical data in the Uruguayan offshore, through the seismic vessel R/V Reflect Aries.
Uruguay state-run oil and gas company ANCAP announced the discovery of source rock which might contain underground shale oil or natural gas deposits.
Uruguayan president Jose Mujica promised his peer Hugo Chavez he would press strongly for Venezuela’s incorporation as full member of Mercosur because this will help balance the group.
Singapore based Reflect Geophysical has been selected by Uruguay’s state oil company Ancap to carry out a 2D seismic survey in the country’s Punta del Este and Pelotas offshore basins.
Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.
Some of the world’s leading oil companies turned up at the Uruguay Round II informative session for operators interested in participating in the biding process for offshore exploration in Uruguay’s South Atlantic.