UK company signs contract for last available block offshore Uruguay

UK oil junior Challenger Energy has signed the contract for Block OFF-3 in Uruguay, the last available offshore area in the country, as operators seek potential analogies with giant finds on the other side of the Atlantic Ocean in Namibia.

Block OFF-3 is estimated to hold gross resource potential of up to 2 billion barrels of oil.

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Challenger Energy Group plc published this content on 18 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2024 15:27:08 UTC.