Challenger Energy Group PLC (LSE:CEG) has confirmed that Uruguay’s Ministry of Environment has granted the company permits to undertake seismic acquisition in national waters, including 3D seismic surveying on AREA OFF-1. The approval comes amid rising industry interest in Uruguay’s offshore potential and supports Challenger’s broader strategic alignment with Sintana Energy following their transformative transaction.
In parallel, TotalEnergies’ decision to acquire a 40% interest in PEL 83 in Namibia represents another important milestone for regional exploration. The partnership plans an exploration and appraisal program, which is expected to accelerate progress in one of Africa’s most closely watched emerging basins. Collectively, these developments strengthen Challenger’s operational trajectory and market positioning as it moves forward with its integration with Sintana.
More about Challenger Energy Group PLC
Challenger Energy Group PLC is an Atlantic-margin–focused energy company with substantial exposure in Uruguay, where it holds two offshore exploration licences spanning 19,000 square kilometres. The company partners with Chevron on the AREA OFF-1 block and is listed on both AIM in London and the OTCQB in the United States.
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