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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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yangwao ↑
@yangwao
How do they bid which sector belongs to which company for underwater exploration?
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Andy Jagoe
@andyjagoe
i'm not an expert on offshore oil rights, but I suspect the process rhymes with how onshore rights are sold https://www.offshore-energy.biz/historic-moment-for-uruguay-shell-apa-and-ypf-seal-deals-for-offshore-hydrocarbon-exploration/
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