International firms compete for Uruguayan blocks
The country’s frontier upstream continues to attract interest
Uruguayan regulator Ancap awarded two more offshore blocks at the end of 2022. A consortium comprising Shell and US independent APA (formerly Apache) secured the OFF-4 block, ahead of a bid from YPF—although the Argentine NOC did secure OFF-5. The Shell-APA joint venture has committed to carrying out extensive work on OFF-4, including 3D seismic acquisition, within its initial four-year exploration licence period. Similarly, YPF has four years to carry out a technical work programme on OFF-5. 6 – Blocks awarded in 2022 Earlier in 2022, AIM-listed independent Challenger was awarded OFF-1—which is adjacent to the OFF-4 block—while Shell took blocks OFF-2 and OFF-7, and APA secured OFF-

Also in this section
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections