Uruguay fields more bids for offshore exploration

Uruguay fields more bids for offshore exploration

Uruguay Africa Argentina Oil Gas

Uruguay's state-owned oil company Ancap said late Wednesday that it received bids from companies to explore two offshore blocks in the latest auction to try to find and develop its first oil and natural gas resources. YPF, the state-run company in neighboring Argentina, bid for the OFF-4 and OFF-5 blocks, while a consortium of US-based APA Corp. and London-based Shell made an offer for OFF-4, Ancap said on Twitter. Ancap said it will review the bids and award contracts to the winners in the near

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