Uruguay

Uruguay

Although Uruguay has never been an oil and gas producer, industry focus turned to it after the large discoveries off Namibia in 2022, since both regions were adjacent during the Early Cretaceous Period and thus are considered “conjugates” with shared geological correlations. Currently, all available offshore areas in Uruguay are currently under licence, several farm-outs have either been conducted or are in the works, and the industry is optimistic about finding commercially recoverable reserves in the near future.

Sintana’s assets in Uruguay are direct interests in two offshore blocks in Uruguay, being AREA OFF-1 in the Punta del Este Basin and AREA OFF-3 in the Pelotas Basin.