Statoil joins Total in exploration offshore Uruguay

Offshore staff

STAVANGER, Norway – Statoil has agreed to acquire a 15% interest in block 14 offshore Uruguay from operator Total.

The 6,690-sq km (2,583-sq mi) concession is 200 km (124 mi) offshore in the Pelotas basin in water depths of 1,850-3,500 m (6,069-11,483 ft).

Subject to governmental approval for the transaction Total will retain a 50 % interest: the other partner is ExxonMobil.

Total’s program over the block to date includes newly acquired 3D seismic data. The partners are preparing to drill a first well on the Raya prospect in the coming months.


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