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Andy Jagoe
@andyjagoe
11B barrels of oil discovered off coast of Namibia in 2022 has led stampede of energy firms to Uruguay Namibia and Uruguay were connected long ago and basins have similar geological characteristics https://www.fdiintelligence.com/content/feature/latams-new-frontier-in-offshore-energy-83410
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Andy Jagoe
@andyjagoe
it has no oil today, but state petrol company Ancap estimates 5-25% chance of 5B barrels offshore If true, Uruguay could go from importing 50,000 barrels/day to being self sufficient for 100+ years
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Andy Jagoe
@andyjagoe
Uruguay already has an electricity grid 95% powered by low-carbon sources (what most countries still striving for): hydropower: 45% wind: 30% biomass: 20% solar: ~2%
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yangwao ↑
@yangwao
How do they bid which sector belongs to which company for underwater exploration?
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