Shell, APA awarded exploration blocks offshore Uruguay
June 27, 2022
ANCAP, Uruguay’s state-owned petroleum company, has awarded three offshore blocks under its 2022 Open Bidding Round.
Courtesy ANCAP
This illustration depicts the location of the energy projects in the Uruguayan Sea.
Offshore staff
MONTEVIDEO, Uruguay— ANCAP, Uruguay’s state-owned petroleum company, has awarded three offshore blocks under its 2022 Open Bidding Round, according to a June 23 ANCAP news release.
Shell secured AREA OFF-2, a shallow offshore block adjacent to Challenger Energy's OFF-1 concession, and deepwater block AREA OFF-7. Commitments during the initial four-year exploration period include acquisition of new 3D seismic.
APA Corp. gained deepwater block AREA OFF-6, with a program that includes the drilling of an exploratory well in the initial four-year period, the evaluation of oil geology and prospective resources and the licensing of information.
ANCAP estimates the total investments of the associated technical and exploration activities at about $200 million.
