Challenger seeking green energy opportunities

Upstream firm Challenger Energy is looking to advance a farm-out for its Uruguayan offshore acreage and, in parallel, identify energy transition business opportunities in the country. 

Last year, Isle of Man-registered Challenger signed a 30-year license for area OFF-1, a 15,000km2 block. 

Challenger expects to complete, by early next quarter, exploration work commitments – 2D seismic reprocessing and technical studies – for the initial four-year exploration period.

Challenger Energy Group plc (LON:CEG) is a Caribbean and Atlantic margin focused oil and gas company, with a range of petroleum assets located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay.

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