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Rising prices, war and a discovery in Namibia that puts Uruguay on the oil exploration map

RIO DE JANEIRO, BRAZIL - In recent months, changes have taken place worldwide that affect the hydrocarbon industry and could put Uruguay back on the offshore exploration map.

Three main elements make this case. One of the most obvious is the increase in commodity prices, including oil, whose value has already risen, exacerbated by the start of the war between Russia and Ukraine.

With the prospect of sustained price levels above US$90 and US$100 per barrel, projects that would not have been considered in a different price scenario are once again being considered.

A second key element is a . . .

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