Challenger confirms approval for offshore Uruguay lease

July 3, 2023
ANCAP, Uruguay’s national regulatory agency, has formally approved the award of the AREA OFF-3 license to Challenger Energy.

Offshore staff

DOUGLAS, UK  ANCAP, Uruguay’s national regulatory agency, has formally approved the award of the AREA OFF-3 license to Challenger Energy.

The process for all remaining approvals, finalization and formal signing of the license documentation should last a further three to four months, after which the initial four-year exploration period will take effect.

According to Challenger, AREA OFF-3 was Uruguay’s final available offshore license, all the others having been awarded.

07.03.2023

Courtesy BW Energy's "Fourth quarter and full year 2023 Presentation"
Courtesy Guyana Logistics and Support Services Inc. (GLASS)