BP, BG, Total, Tullow pick up offshore Uruguay blocks
Offshore staff
MONTEVIDEO, Uruguay–ANCAP, Uruguay’s national oil company, received 19 offers for eight of the 15 offered blocks in the Oriental del Plata, Punta del Este, and Pelotas basins.
More than 50% of the bidding area was awarded to BP, BG, Total, and Tullow Oil.
After the assessing the winning bids and the approval of the Uruguayan government, ANCAP will sign the contracts with the winning companies by September.
The companies rated at top for each block:
| Block | Minimum Exploratory Program | Company | % association offered to ANCAP |
| 6 | 3D seismic 500 km2 2D seismic 3,000 km | BP | 30 |
| 8 | 3D seismic 2,230 km2 3D electromagnetism 2,230 km2 20 samples of sea bed Seismic data processing | BG | 35 |
| 9 | 3D seismic 3290 km2 3D electromagnetism 3,290 km2 20 samples of sea bed Seismic data processing | BG | 35 |
| 11 | 3D seismic 2,000 km2 | BP | 30 |
| 12 | 3D seismic 10,670 km2 | BP | 30 |
| 13 | 3D seismic 7,560 km2 3D electromagnetism 7,560 km2 40 samples of sea bed Seismic data processing | BG | 35 |
| 14 | 1 exploratory well 3D seismic 6,690 km2 40 samples of sea bed Seismic data processing | Total | 30 |
| 15 | 3D seismic 300 km2 Seismic data processing | Tullow Oil | 22 |
3/30/2012