Ancap concludes round II promotional activities
Bnamericas Published: Tuesday, January 10, 2012
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Uruguay's state oil company Ancap has announced its Uruguay round II tender for offshore exploration blocks is now entering the qualification period with presentation of bid offers. The promotional period of the round, launched on September 8, 2011, has now concluded, the NOC said in a statement. Licenses are on offer for 15 blocks in the three offshore basins Pelotas, Punta del Este and Oriental del Plata. Around 300 executives from international oil companies have taken part in promotional activities for round II, as well as hundreds of executive from oil sector service companies. Available 2D seismic information has been sold to interested companies for a total of around US$25mn, the Ancap statement said. The NOC will be signing a contract for the processing of new seismic information in the coming weeks. Firms have until March 1, 2012 to express interest to Ancap, including qualifying documents. Companies which qualify will present proposals between March 22 and 29. Ancap plans to announce the winners before September 25, 2012.
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