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Eni Becomes Operator of Exploration Block Offshore Uruguay

MT Newswires·08/30/2026 04:28:55
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04:28 AM EDT, 08/30/2026 (MT Newswires) -- Eni (ENI.MI) officially joined the OFF-5 exploration block offshore Uruguay as an operator following regulatory approval and an agreement with partner Miwen and Uruguay's ANCAP. Both the Italian oil and gas company and Miwen, a unit of Argentinian energy company YPF, own a 50% interest in the OFF-5 block, according to an Aug. 29 release. In the block's first exploration period, teams are running studies to measure the area's oil and gas potential.