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Offshore Uruguay: South America’s new frontier

After years of minimal activity and lacklustre investment, Uruguay’s offshore industry is finally gaining momentum following spudding of the country’s first offshore well by Exxon Mobil and Total last year. With BG and Tullow Oil also holding interests in the region, Uruguay is being touted as South America newest offshore frontier. IHS analysts Michael Dyer and Claudia Pessagno share their expert insights on Uruguay’s fledgling offshore industry.


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