Update: Resource statement exceeds expectations
Recent publication of the first independent resources report by NSAI on the Uruguay concessions underpins the work undertaken to date, with net P50 unrisked prospective resources of 388mmbbl. It shows the tremendous potential for further resources outside the seismically defined areas that are less than 5% of held acreage, but also the unconventional aspects of the basins.Petrel Energy is engaged in the exploration and development of oil and gas resources in Uruguay, Spain and Canada.
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