MercoPress. South Atlantic News Agency
Thursday, July 9th 2026 - 16:52 UTC
“This could be much bigger than Vaca Muerta, it could yield millions and millions of barrels of production,” the executive projected
Argentina's state oil company YPF plans to begin exploratory drilling of an offshore block off the coast of Uruguay between late 2027 and early 2028, its chairman and chief executive, Horacio Marín, confirmed, saying the area holds potential that, if confirmed, could surpass the Vaca Muerta unconventional field.
“If I have to place a bet, I'll place it, and we're going to place it,” Marín said of the OFF-5 block, during an address at the Córdoba Stock Exchange. “This could be much bigger than Vaca Muerta, it could yield millions and millions of barrels of production,” he projected. The executive framed those figures as an expectation subject to the drilling results, not as a confirmed discovery.
