Petrel Energy to commence 4 well conventional program in Uruguay
Petrel will drill four conventional wells in second quarter 2017 targeting multiple and different objectives within and across each well. The programme not only seeks to confirm the quality and extent of source rock and conventional reservoirs but also test the validity of AVO (gas target) anomalies identified on seismic. If successful the programme will add great value to shareholders and could potentially go a long way to reducing or ultimately reversing Uruguay's $1.5B energy deficit.
Petrel Energy backs Australian Studies Centre in Uruguay
Petrel Energy will be the founding contributor of the Australian Studies Centre in Uruguay to provide opportunities for ORT Montevideo undergraduate and postgraduate students to develop a deeper mutual understanding of social, political and economic issues between Australia and Uruguay.
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