Country Report
Uruguay upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Despite being located between hydrocarbon-rich countries Brazil and Argentina, Uruguay does not produce any oil or gas. Periodic exploration, mainly onshore, has occurred over the decades, but no discoveries have been made. Uruguay is heavily dependent on hydrocarbon imports to meet its domestic energy requirements, a situation that may change.In 2022, the government launched the successful Open Uruguay round process and all offshore acreage in the country is actively being explored. Four ...
Table of contents
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Executive summary
- Open Uruguay bid round (2022)
- Key facts
- Location maps
- Key companies
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Geology
- Introduction
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Tectonic evolution
- Stratigraphy
- Punta del Este basin
- Petroleum system
- Pelotas basin
- Petroleum system
- Chaco-Paraná basin (Norte sub-basin)
- Petroleum system
- 2 more item(s)...
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Exploration
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Licensing
- Offshore Round I
- Offshore Round II
- Onshore licensing
- Offshore Round III
- Open Uruguay Offshore Round
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Drilling
- Drilling activity
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Licensing
- Reserves and resources
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Production
- Oil
- Gas
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Infrastructure
- Introduction
- Oil infrastructure
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Gas infrastructure
- International pipelines
- LNG imports
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Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
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Licensing
- 2009 Licensing Round
- Licence terms
- 2011 Licensing Round
- Proposal evaluation
- Licensing terms
- Unitisation
- 2017 Licensing round
- Licensing terms
- 2 more item(s)...
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Fiscal terms
- Overview
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Current fiscal terms
- Production sharing contracts
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Product pricing
- Oil
- Gas
- Domestic market obligation
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Sample cash flow
- Methodology
Tables and charts
This report includes the following images and tables:
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Key facts: Table 1Country MapNet Acreage 2025
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Map of BasinsGeology: Image 2Geology: Image 3Geology: Image 4Geology: Image 5Infrastructure: Table 1Fiscal terms: Table 42022 Open Uruguay Offshore Round mapInfrastructure: Table 2
- 5 more item(s)...
What's included
This report contains:
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