Sun, 01 Apr 2012 19:00:00 CDT
BMI View: Uruguay's second licensing round attracted interest from many prominent international oil companies including BP, Total, Shell and Exxon. Winning bidders BG Group, BP, Total and Tullow will now try to replicate their resounding successes in other parts of the Atlantic margin. With a minimum of US$1.56bn in investment expected over the next three years, this is particularly promising news for the authorities and for the country's energy security.
Read full article at: oilandgasinsight.com