Uruguay’s state-owned petroleum company, ANCAP, has announced that nine oil companies have placed nineteen bids for exploration and production offshore Uruguay.
Uruguay’s second offshore licensing round (Ronda Uruguay II) attracted interest of eleven oil companies but nine of them qualified for the bidding process.
The marine platform is already explored by a consortium of Petrobras, YPF and Galp, that were the bidding winners in the first Uruguay Round in 2009. According to ANCAP authorities there is a big increase in the oil…
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