Project Profile
Location: about 200 km from the coast, Pelotas basin, Uruguay
Area: 8,030 sq km
Water Depth: 2,000-3,300 m
Licence award: 2012
Start-up Year: -
Inpex, through a subsidiary, has agreed to acquire a 30% participating interest in Area 15 offshore Uruguay from a subsidiary of Tullow Oil. The block covers 8,030 sq km about 200 km from the coast with water depths of 2,000-3,300 metres. Tullow Uruguay Ltd., which acquired the block in Uruguay’s second bidding round, will remain operator with a 70% participating interest. Exploration, including acquisition of 3-D seismic data, began in December 2012.
Operators:
Tullow Oil: Operator with 35% interest
Statoil: 35% interest
INPEX Corp: 30% interest