Uruguay's offshore basins draw BG, BP, Total, Tullow

05/07/2012
Uruguay, which has no oil or gas production, moved toward its busiest exploratory period on record when the ANCAP hydrocarbon agency received 19 bids in late March for 8 of the 15 Atlantic offshore exploration blocks it offered. Most of the interest was in the deepwater Pelotas basin, but blocks in the Punta del Este and Oriental del Plata basins also drew bids, ANCAP said (see map, OGJ, May 18, 2009, p. 19). Three of the blocks lie along Uruguay's marine boundary with Brazil, but they are 650 miles southwest of the Santos basin where Petrobras has discovered world class presalt oil resources. Successful bidders were BG Group on blocks 8, 9, and 13, BP PLC on blocks 6, 11, and 12, Total ...
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