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Uruguay Round II: Next Road Show and Data Room of ANCAP in Houston


Published Oct 6, 2011
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On October 19th, 2011 at 8.30AM, at the Petroleum Club of Houston, ANCAP will present the Uruguay Round II of its offshore oil exploration and production bidding process. In addition, the Uruguayan national oil company ANCAP will be offering Data Rooms for interested companies from October 18 to 21, 2011, at the Hilton Americas in downtown Houston. The Uruguayan delegation will be comprised by national authorities, members of the ANCAP Directors Board, main ANCAP legal and E&P managers. The ANCAP E&P Division’ technical staff, headed by PhD. Hector de Santa Ana, will make a presentation of the exploratory potential offshore Uruguay and general bidding terms of the Uruguay Round II. With the aim to continue offering to the upstream industry exploration opportunities in Uruguay, ANCAP recently launched the Uruguay Round II on September 8, 2011.

The key topics to be covered at the Road Show are the following: - Geology, tectonic and stratigraphic evolution of the offshore Uruguayan basins. - Petroleum systems and models. - Direct and indirect hydrocarbons indicators. - Leads and Prospects. - Analogies with neighboring producing basins. - Bidding round terms. - Model contract - Business environment and investment promotion regime in Uruguay

Several companies already confirmed its presence at the Road Show in Houston, joining the more than a dozen companies that attended the official announcement in Montevideo.

In addition to the Road Show, from October 18th until 21th, the technical team of ANCAP will be available for data rooms with companies interested in taking a look at the Uruguayan offshore database on a workstation (more than 30.000Km of 2D seismic, gravimetric and magnetometric data and the well logs and reports of the only two wells drilled offshore Uruguay).

In 2009 ANCAP, the National Oil Company, successfully launched the Uruguay Round 2009, for the awarding of exploration and exploitation areas offshore Uruguay, signing two contracts for two areas with a consortium formed by Petrobras, YPF and Galp.

Tags: ANCAP




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