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Article: Uruguay hopes offshore bid round will lead to gas production.
- Article from:
- The Oil Daily
- Article date:
- June 19, 2009
- Author:
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Uruguay launched the second phase of its first large-scale offshore exploration licensing round this week. Six companies are expected to submit proposals by the Jul. 1 deadline, and the government hopes to sign final contracts by year's end.
The six firms were selected from applications received during the prequalification stage, which ended Apr. 30. Ancap, Uruguay's state-owned oil firm, is leading the process.
The companies invited to make bids include Brazil's Petrobras, Venezuela's PDV, Australia's BHP Billiton, Argentina's Plus-petrol and Spain's Repsol YPF.
Portugal's Galp Energia has also qualified, but only as an associate member of a ...