
Statoil seals Uruguay offshore farm-in

Norway's Statoil signed a contract with Uruguayan authorities sealing its previously announced farm-in to exploratory block 14 off the Uruguayan coast, Uruguay's industry, energy and mining industry (Miem) said.
Drilling began last month at the block, which is a JV between operator Total (50%), ExxonMobil (35%) and Statoil (15%).
Also from Uruguay, President Tabaré Vázquez presented a draft to political parties of a bill that would create a national hydrocarbons agency to oversee oil and gas activity.
Vázquez will work with the heads of the country's major parties to iron out the details of the bill before it is sent to legislators for approval, a government statement said.
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News in: Oil & Gas (Uruguay)

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Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
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Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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