Uruguay Launches Offshore Bid Round

摘要

Uruguay’s government is offering up production-sharing contracts for 17 offshore blocks in the country’s third-ever offshore exploration bid round. The auction, which was formally launched Monday in Houston, includes acreage in all three of Uruguay’s offshore basins — Punta del Este, Pelotas and Oriental del Plata. The blocks on offer have water depths ranging from 50 meters (164 feet) to more than 4,000 meters.