Global exploration and production updates

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Uruguay’s ANCAP agency has awarded the country’s final unassigned offshore block to UK-based Challenger Energy Group. AREA OFF-3 covers a 13,252-sq km area, 100 km offshore and in up to 1,000 m of water, and has 2D and 3D seismic data which PGS acquired for bp in 2012. Challenger, which also operates AREA OFF-1, has identified gas and oil potential in multiple plays. Both concessions are in the Punta del Este and Pelotas sedimentary basins.

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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