Schuepbach adds onshore acreage in Uruguay

By OGJ editors

Schuepbach Energy LLC, Dallas, will shoot 2D seismic surveys and drill research wells in two areas of Uruguay under production sharing contracts signed Feb. 10 with state-owned ANCAP.

The work, under a 3-year exploratory period, is estimated to cost $10 million, according to ANCAP.

In two voluntary subsequent periods, Schuepbach could drill two exploratory wells each before returning half the acreage to ANPAC.

On contract area covers 10,000 sq km in Tacuarembo, Paysandu, and Durazmo provinces. The other covers 4,000 sq km in Salto Province.

Contract terms are 30 years, extendible by 10 years, with 25 years for development and production.

On its web site, Schuepbach says it has been active in Uruguay since 2009 with licenses totaling 2.4 million acres.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...