Eni takes 50% operatorship of Uruguay offshore OFF-5 exploration block
Reuters2026/08/29 08:12- Eni signed an agreement to enter Uruguay’s OFF-5 offshore exploration block following clearance from Uruguayan authorities.
- It becomes operator with a 50% stake; MIWEN, a YPF unit, holds the remaining 50%.
- OFF-5 is in its first exploration period; studies are underway to assess hydrocarbon potential.
- The move deepens Eni’s partnership with YPF, which also spans the Argentina LNG (ARGLNG) project.
- Eni also agreed to acquire a 40% interest in the adjacent OFF-6 block operated by APA.
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