Eni takes 50% operatorship of Uruguay offshore OFF-5 exploration block

Reuters2026/08/29 08:12

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eni S.p.A. published the original content used to generate this news brief on August 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Eni takes 50% operatorship of Uruguay offshore OFF-5 exploration block

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