Challenger Energy

Challenger Energy has completed the formal award process for its AREA OFF-3 license offshore Uruguay, first awarded last June under the Open Uruguay Round process.

Challenger Energy has submitted geotechnical reports for the AREA OFF-1 offshore license to the Uruguayan regulator ANCAP.

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

Challenger Energy Group has bid for AREA OFF-3 license, the sole remaining block to be awarded offshore Uruguay.

Challenger Energy has issued volumetric assessments of three main prospects identified by geotechnical work on its AREA OFF-1 license offshore Uruguay.

Challenger Energy has released the main findings of a technical assessment of the company’s AREA OFF-1 exploration license.

Challenger Energy expects to fulfil its work commitment for the first four-year exploration period on the AREA OFF-1 Block offshore Uruguay during second-quarter 2023.

Uruguay’s government has issued approvals for offshore license AREA OFF-1, which was awarded to Challenger Energy in May 2020.

The company wants to progress to a third, three-year exploration period.