Challenger Energy Group Completes AREA OFF-1 Farm-Out with Chevron
3 days ago
Challenger Energy Group, an Atlantic-focused energy company listed on AIM (CEG), has announced the successful completion of a farm-out agreement, transferring a 60% stake in its AREA OFF-1 block offshore Uruguay to Chevron’s subsidiary, Chevron Mexico Finance LLC. With this transaction approved by Uruguayan regulators, Chevron will assume operatorship of the block, while Challenger retains a 40% non-operating interest.