Assets & Operations
Challenger Energy portfolio of assets is focussed on the Atlantic margin. The Company’s primary focus is on its high-impact Uruguay exploration acreage. The Company also has onshore production assets in Trinidad, and legacy exploration assets in The Bahamas.
Assets and Operations
Challenger Energy portfolio of assets is focussed on the Atlantic margin. The Company’s primary focus is on its high-impact Uruguay exploration acreage. The Company also has onshore production assets in Trinidad, and legacy exploration assets in The Bahamas.
- 2 offshore licences; ~28,000 km2 – 3rd largest acreage position in Uruguay
- OFF-1 – 40%; 60% farmed out to Chevron (operator is Chevron) – ~15,000 km2
- OFF-3 – 100% (operator is CEG); ~13,000 km2
- As a result of technical work program, multiple prospects in AREA OFF-1 have been identified from a range of play types, with a prospect inventory of ~2 billion barrels recoverable resource (Pmean)
- ANCAP (the Uruguayan state-owed energy company and regulator) has identified two material-sized prospects on AREA OFF-3 that have previously been identified and mapped, with substantial multi-billion barrel work potential
- Work programs currently underway across the portfolio – 3D seismic on AREA OFF-1; 3D seismic reprocessing on AREA OFF-3
- Objective is to reach drilling decision points on both blocks during 2026
- 3 onshore producing fields – Goudron, Innis-Trinity, Icacos (100%)
- 4 licences (100%), all offshore; a number of structures and drill targets remain prospective across the licence areas
- Renewal remains pending for a third 3-year exploration period
Latest Regulatory News
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30/09/2024
Interim Financial Statements to 30 June 2024
27/06/2024
2023 Annual Report and Financial Statements
29/09/2023
Interim Financial Statements to 30 June 2023
29/06/2023
2022 Annual Report and Financial Statements
30/09/2022
Interim Financial Statements to 30 June 2022