Chevron Corp. received approval for farm-in at the AREA OFF-1 block offshore Uruguay, a Chevron spokesperson told Hart Energy Sept. 25 via email.

“Chevron, through its affiliate in Uruguay, confirms that is has been granted approval by the national oil company, ANCAP, to acquire a 60% interest in the AREA OFF-1 block, offshore Uruguay from CEG Uruguay SA, a subsidiary of Challenger Energy,” the spokesperson confirmed.

“Completion of the transaction is in final stages, pending further notifications and local registration. This acquisition further strengthens Chevron’s upstream exploration portfolio in the Latin America region,” the spokesperson said.

 Chevron Corp. received approval for farm-in at the AREA OFF-1 block offshore Uruguay, a Chevron spokesperson told Hart Energy Sept. 25 via email.

“Chevron, through its affiliate in Uruguay, confirms that is has been granted approval by the national oil company, ANCAP, to acquire a 60% interest in the AREA OFF-1 block, offshore Uruguay from CEG Uruguay SA, a subsidiary of Challenger Energy,” the spokesperson confirmed.

“Completion of the transaction is in final stages, pending further notifications and local registration. This acquisition further strengthens Chevron’s upstream exploration portfolio in the Latin America region,” the spokesperson said.