According to official reports in mid-October 2019, Kosmos Energy has submitted offers to state company ANCAP for two adjacent offshore blocks, OFF-2 and OFF-3, related to the ongoing Uruguay Open Round. For each block, the company's proposed commitments include geologic and prospect evaluation, 3D gravimetry and magnetometry work, licensing of existing multiclient geophysical/geological data, along with new 3D seismic acquisition (5,900 sq km for OFF-2 and 5,100 sq km for OFF-3). Total investment cost is expected to be USD 60.82 million and USD 52.82 million for OFF-2 and OFF-3, respectively. ANCAP will decide on the proposals between 29 November 2019 and 28 February 2020, according to official schedule.  The offshore blocks of OFF-2 and OFF-3 cover 11,151 sq km and 13,265 sq km of areas, respectively, in Pelotas Basin with water depths ranging from 50 m to over 1,000 m. Â   OFF-2 block is situated next to OFF-1 block that includes a couple of plugged & abandoned wells drilled by Chevron in 1976. In addition, both OFF-2 and OFF-3 are adjacent to OFF-6 block that includes the recently drilled Raya 1 well that was P&Aâd by Total in 2016.  Â   Background Information  Â     ANCAP launched a new biannual open round process called Uruguay Open Round with six blocks offshore and five blocks onshore in May 2019. In addition to areas that were previously offered in the last Uruguay Round 3 offshore round in 2018, the new licensing round also offers parcels that cover several recently relinquished offshore blocks in the south, along with onshore blocks in the north which cover areas that previously have been offered in their own open round process since 2014.
Kosmos has recently submitted offers to state company ANCAP for two adjacent offshore blocks, OFF-2 and OFF-3, related to the ongoing Uruguay Open Round.