ANCAP is evaluating offers received from CGG Veritas, Western-Geco and GeoCenter for processing 2D seismic data from offshore Uruguay. This includes on-time processing (PSTM) of between 5,000 and 7,000 km and on-depth processing (PSDM) of a maximum of 2,500 km of offshore 2D seismic data.

The data was obtained during 2011 by Reflect Geophysical Pte. Ltd. under an exclusive contract with ANCAP. ANCAP already offers the field data and preprocessed data, as well as gravimetric and magnetometric data, on the basis of a flexible and favorable licensing model, to the oil companies interested in evaluate the hydrocarbon potential and the opportunities for exploration in the Uruguayan offshore.

For the Uruguay Round II the Uruguayan government is offering areas for hydrocarbons exploration and exploitation. The processing and interpretation of the new 2D seismic data will be considered by ANCAP as units of the work program that should be presented by the interested oil companies. Other processing activities also can be included as units of the work program.

Under the contract to be signed by the winning company, the results must be presented within 130 days for PSTM) and 180 days for PSDM from the time the data is supplied by ANCAP.

The Uruguay Round II offers will be opened on March 29, 2012. The round includes 15 offshore blocks covering most of the Uruguayan marine platform.