Eni has signed, together with MIWEN (a wholly owned subsidiary of YPF) and the Uruguayan National Oil Company ANCAP, the official agreement for the entry in the OFF-5 exploration block offshore Uruguay, following approval by the Uruguayan authorities.

Eni is now the operator of the OFF-5 block with a 50% interest, alongside partner MIWEN, which holds the remaining 50%. The OFF-5 block is currently in its first exploration period, and studies are underway to mature the area's hydrocarbon potential. Eni will apply its proprietary technologies to accelerate and maximize the value of these activities.

Eni’s entry into Uruguay alongside MIWEN further strengthens the collaboration between Eni and YPF, partners in the integrated upstream-midstream Argentina LNG (ARGLNG) project, as well as the presence of Eni in South America.

At the same time, Eni has recently reached an agreement to acquire a 40% interest in the adjacent OFF-6 block, operated by APA Corporation.

About Eni

Eni is a global energy tech company operating in 64 Countries, with about 32,500 employees. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni's goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers.
In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni's areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy - a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.