Uruguay awards offshore exploration contracts

Uruguay awards offshore exploration contracts

Corporate & Sovereign Strategy Africa Argentina Uruguay United States United Kingdom Gas Oil Electricity

Uruguay's Ancap said late Thursday that it awarded four-year licenses to APA Corp and Shell for three offshore blocks as the state-owned oil company seeks to put the country's first oil and natural gas resources into production and potentially also green hydrogen from offshore wind parks. APA, the Houston-based holding company for Apache Corp., won a license for the OFF-6 block with an offer to drill an exploratory well after prospecting for resources, Ancap said in a statement. London-based She

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