Chevron taking over operatorship at block with ‘enormous potential’ off Uruguay Uruguay

CEG Uruguay, a subsidiary of the Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG), is in the process of selling a partial stake in a shallow water exploration block off the coast of Uruguay to Chevron Uruguay Exploration Limited, a wholly-owned subsidiary of the U.S.-based energy giant Chevron. This will enable the U.S. oil major to get the operator role for the block.

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