The U.S. Geological Survey (USGS) assessed potential technically recoverable shale gas and shale oil resources in the Norte Basin of Uruguay, resulting in total estimated mean resources of 13,361 billion cubic feet of gas (BCFG), 508 million barrels of oil (MMBO), and 499 million barrels of natural gas liquids (MMBNGL). The Norte Basin of Uruguay is the southern extension of the Paraná Basin of Brazil, and is largely covered by volcanic rocks. The Basin includes the departments of Tacuarembó, Salto, Paysandú, Artigas and Rivera and the US company Schuepbach is working there under a 2-year exploration contract which was signed with ANCAP (the Uruguayan national fuel association) in October 2009. The latter will begin perforations next December in the Departments of Salto and Tacuarembó.
Uruguay: The country could have the sixth largest natural gas reserve of the region
November 20, 2011 at 13:38 (Natural Gas)