Tullow submitted a successful bid for the offshore Block 15 in the Uruguayan 2nd Bid Round earlier in 2012. The block lies in the Pelotas Basin in water depths between 2,000 and 3,000 metres.
exploration & appraisal
A 2,500 sq km 3D seismic survey was successfully acquired during January to April 2017 over high-quality leads identified in Block 15 in the Pelotas Basin. Tullow has decided that it will not enter the next term of the Block 15 exploration licence with potential prospects being deemed too high risk. Tullow will exit the licence in March 2019.