Displaying 1 - 6 of 6 articles
Petrel Energy's associate Schuepbach Energy International expects to drill in late May or early June, the first two core holes at its Uruguay unconventional oil and gas play.The locations for the two core holes have been carefully selected to confirm basic reservoir parameters critical for oil generation...
State owned Acap said BP, BG Group, Tullow Oil and Total were awarded eight offshore blocks in an Uruguayan bidding round and will invest 1.56 billion dollars in exploration of oil and natural gas in the blocks, which cover a maritime area spanning nearly 50.000 sq. kilometres. BP and BG Group each...
Ancap, Uruguay's hydrocarbons refining company, recently signed on an agreement with US company Schuepbach Energy to begin exploration for oil and gas in the north and centre of the country. The Uruguayan company’s president Raul Sendic described the agreement as ‘historic’, since “it is the...
Using a performance-based geological assessment methodology, the U.S. Geological Survey estimated mean volumes of 13.4 trillion cubic feet of potential technically recoverable shale gas and 0.5 billion barrels of technically recoverable shale oil resources in the Norte Basin of Uruguay.Introduction The U.
Many traditional oil-importing countries such as France and Chile could transform themselves into exporters since the discovery shale gas.According to experts cited in an analysis from entornointeligente.com, which cited British Petroleum (BP), proven reserves of conventional gas reach about 187 billion...
The possibility that Uruguay has reserves of exploitable oil and natural gas continues to grow. Two reports from U.S. agencies estimate that there are large reserves of hydrocarbons in the country.An Energy Information Agency (EIA) study estimated that the potential of technically recoverable gas...