GBX
LON:CEG

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-map

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.

Uruguay
  • 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
Trinidad
  • 3 onshore producing fields – Goudron, Innis-Trinity, Icacos (100%)
Bahamas
  • 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