As discussed "Conventional Oil" a promising proposition.
For full article see link below, there is also a video.
Translated: http://www.subrayado.com.uy/Site/no...n-el-hallazgo-de-petroleo-en-salto-y-paysandu Ancap very optimistic about the discovery of oil in Salto and Paysandu
Considers that the cost of the operation is 30 times cheaper than at sea. It would still viable with oil at $ 20. It is 46 today.
14 ENE 2015 - 10:54
Ancap considers that any oil exploration in Salto could be viable even with a barrel of oil to $ 20, told The Observer Héctor de Santa Ana, Manager of Exploration and Production.
The finding of 20 potential oil deposits in the north disclosed just as the reference price in international markets Brent has traded below $ 50. Yesterday, the price figured at $ 46.59.
In one year, oil suffered a dramatic decline after having been above $ 100 a barrel.
Santa Ana said she had found onshore oil is highly desirable, for example, relating to prospecting in territorial sea.
It costs 30 times less than the hole in the ocean, said the chief of El País. Therefore, he said, could make oil exploitation unn low international prices. Up to $ 20 could make the work feasible.
The works are being carried out by the company Schuepbach in two blocks, one in Salto and one in the department of Paysandú.
