Challenger Energy has transferred a 60% interest in the block to US-based Chevron's subsidiary, Chevron Mexico Finance, Sucursal Uruguay for a cash consideration of $12.5m (514.93m pesos).

Chevron Corporation CVX has entered into a major deal with Challenger Energy Group to acquire 60% of the stakes in the AREA OFF-1 block through its wholly-owned subsidiary, Chevron Uruguay ...

Chevron Uruguay Exploration Limited is acquiring a 60 percent participating interest in the Area Off-1 block offshore Uruguay in a farm-out agreement with Challenger Energy (CEG) and its wholly ...

Chevron acquired a 60 percent operating stake in Uruguay's offshore AREA OFF-1 block, located in an area deemed to have similar geophysical properties with the Orange Basin in Africa.

Challenger Energy Group PLC CEO Eytan Uliel joins Proactive's Stephen Gunnion with news that the company has formalised a second offshore licence agreement in Uruguay, following a farm-out deal ...

Chevron will pay $12.5 million cash on completion of the deal and will carry 100% of CEG Uruguay's share of costs associated with a 3D seismic campaign, up to $15 million net to CEG Uruguay.

Chevron Corporation’s CVX subsidiary Chevron Uruguay Exploration Limited entered into an agreement with Challenger Energy's wholly-owned Uruguayan subsidiary, CEG Uruguay SA, for acquiring 60% ...