Statoil entered Uruguay in 2016 by acquiring a 15% working interest in offshore exploration block 14 from operator Total and 35% working interest in block 15 from operator Tullow.  

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The blocks are located in the Pelotas basin of the South Atlantic Ocean, approximately 200 kilometres off the coast of Uruguay. 

Block 14 covers an area of 6,690 square kilometres in water depths of 1,850 to 3,500 metres. Total is operator for the licence with 50 % working interest. Statoil holds 15% while ExxonMobil holds the remaining 35% working interest. 

Block 15 covers an areas of more than 8,000 square kilometres in water depths of 2,000-3,000 metres. Tullow is operator with 35% working interest. Statoil holds 35%, while the remaining 30% is held by INPEX.