Petroleum in Uruguay

For decades, Uruguay has been searching for petroleum reserves on its territory.

One of the first such attempts was in 1957, when ANCAP drilled in the north of the country.

In 2012, Uruguay engaged on a bidding process for the exploration of hydrocarbons.

[1] Exploration efforts were made in offshore platforms, with an investment of over $1.6 billion in 3 years.

[4] The refinery is connected to an oil terminal in the Port of Montevideo.