BRIEF-Statoil buys stake in Uruguay offshore block
Feb 15 (Reuters) - Statoil says:
* Statoil strengthens its position in Uruguay
* Statoil has signed a farm-in agreement with Tullow Oil to acquire a 35-percent working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.
* Statoil says increasing its exposure to the upside potential of this untested geological setting. This is in line with Statoil' exploration strategy of access at scale
* Recently Statoil announced its entry into Uruguay as partner in exploration block 14. By accessing the adjacent block 15 Statoil continues to pursue this regional geological trend.
* A comprehensive data collection program has already been completed in the block. As operator, Tullow is planning to collect further 3D seismic before a decision is made on further steps. Further company coverage: (Reporting by Gwladys Fouche)
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