Consortium spuds record well off Uruguay
Uruguay Maersk Venturer
Using the Maersk Venturer drilling ship on a USD 44-million contract, the well is being drilled in a record 3,411 m of water and is expected to take between 111 and 120 days to complete.
Uruguay’s state-owned Administración Nacional de Combustibles, Alcohol y Portland, shortened to Ancap, awarded Total the block in 2012 on a 50% operating stake. The past five months have seen ExxonMobil and Statoil farm in on 35% and 15% stakes, respectively.
Earlier in March, Total’s director for exploration, Christian Tichatschke, said, “there could be an elephant out there,” referring to the offshore Pelotas Basin.
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