BP Ceases Uruguay Operations

摘要

British oil major BP has halted its deepwater exploration activities off Uruguay as it prioritizes lower-risk projects at a time of low international prices, an official at Uruguay's state-owned oil company Ancap said on Monday. BP confirmed its exit from the South American country, three years after it won rights to explore Blocks 11 and 12 in Uruguay's Pelotas Basin and Block 6 in the Punta del Este Basin (OD Apr.2'12).