Eni joins APA on Uruguay exploration block

APA Corporation signed an agreement with Eni as a strategic partner in offshore Block OFF-6 in Uruguay. APA will retain a 60% working interest in the block, with Eni funding most of the initial exploration well planned for late 2027.

The well will be APA’s first in Uruguay’s offshore Pelotas Basin, where the company holds acreage awarded by Uruguay’s state oil company ANCAP. Eni already holds a separate position in the country’s offshore sector, having agreed to acquire a 50% interest and operatorship in Block OFF-5 from YPF, pending approval from Uruguayan authorities.