As the offshore oil and gas exploration mission continues in Uruguay, the Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is moving forward with its plans to make its assets drill-ready. To this end, the firm has confirmed the identification of prospects in one block and the ongoing preparation to embark on a 3D seismic acquisition campaign at another ahead of the anticipated drill or drop decision.
Given the attention the Latin American country has garnered, several offshore exploration license operators in Uruguay are seeking to undertake 3D seismic data acquisition in the next available season in late 2025/early 2026, which includes the planned campaign over AREA OFF-1 , where Chevron (60%) is the operator with Challenger (40%) as its partner.