SOUTH AMERICA

First Uruguay oil recovered

PETREL Energy may have recovered a small amount of oil in Uruguay, but it’s enough to confirm hydrocarbons there and give the Sydney junior confidence of a much larger target in the next well.

 Petrel's Uruguay rig.

Petrel's Uruguay rig.

The rig is rigging down and mobilising to the Cerro de Chaga-1 (Panizza) well site after Schuepbach Energy Uruguay (49%) had successfully completed production testing at Cerro Padilla-1 and recovered a...

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