Challenger started farm-out process for its OFF-1 licence in June
Uruguay-focused independent upbeat on farm-in deal
AIM-listed Challenger is seeking partners to help develop its licences off the coast of Uruguay
Challenger began the formal farm-out process for its OFF-1 licence in June, CEO Eytan Uliel told Petroleum Economist. The process is “going well” and has attracted a large number of interested parties, he continued, noting that the independent is keen to reach a farm-in deal by year-end and is “reasonably optimistic” of achieving that goal. Challenger is seeking to become minority partner, with the larger, farm-in partner acting as operator. There is “lots of enthusiasm... the momentum is feeding itself”, Uliel said. Challenger CEO Eytan Uliel Uliel attributed much of the interest in the licence to ongoing exploration success offshore N
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
