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| Uruguay Round II: BP, BG, Total and Tullow Oil have been awarded offshore blocks |
ANCAP received 19 offers for offshore oil exploration and production on 8 of the 15 offered blocks. Nine oil companies submitted bids from the eleven oil companies initially qualified for the bidding process.
read more ... | |
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| Uruguay Round II: High interest revealed by the oil sector on the bidding process | | At the end of the Uruguay Round II deadline for request qualification in order to participate in the bidding processes, 11 world oil companies (7 of them between the 100 top ones) presented the documentation needed for the qualification assessment process. The approved companies will be able to present bid proposals for the 15 blocks offered by the Uruguayan government for the oil exploration and production in the Oriental del Plata, Pelotas and Punta del Este offshore basins. read more ... |
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| Offers comparison spreadsheet | | Due to several inquiries from the industry regarding the methodology for bids comparison, ANCAP has decided to make available the Excel spreadsheet that will be used for this purpose. One sheet is used for each Area and values must be entered in the light yellow cells.
Based on the proposed exploratory program, economic proposal and maximum participation percentage, total score is calculated for the bid.
Bear in mind that the total score resulting for a particular offer will depend on the other offers presented for the same Area.
read more ... |
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