Ancap Could Complete Offshore Seismic Acquisition in 8 Months

Uruguay's state oil company Ancap could complete within eight months the acquisition of 3D seismic data on deepwater regions in the Pelotas and Punta del Este basins, Ancap CEO Sergio Lattanzio told BNamericas.

The eight-month timeline will depend on Ancap's ability to acquire a boat to conduct the offshore survey, he said on the sidelines of the 3rd Annual Energy Integration Congress in Buenos Aires hosted by BNamericas and International Business Communications.

Interpretation will take an additional eight months after acquiring the data, Lattanzio said.

Uruguay could tender blocks in the regions if data from the areas appears favorable, Lattanzio added.

Ancap is reinterpreting existing seismic data in the regions with Brazil's federal energy company Petrobras (NYSE: PBR) and a Brazilian university.

Last year, Ancap and Petrobras signed a MOU for exploration and refining cooperation.

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