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