Companies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa.   Uruguay, with a limited exploration drilling history of three wells spudded, all dry, has attracted the interest of many international companies that look to find the next billion-barrel oil province. Companies including Shell, Chevron, Eni, APA, QatarEnergy, and Argentina’s YPF have acquired the…

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