YPF plans OFF-5 drilling off Uruguay by 2028, but the Eni block transfer awaits approval and lawsuits loom. Inside the YPF Uruguay offshore drilling claims.
Energy
Key Facts
—The promise. YPF’s chief executive says the company will drill block OFF-5 off Uruguay between late 2027 and early 2028.
—The claim. He calls the potential “gigantic” and says it could be much larger than Vaca Muerta. Nothing has been found. No well exists.
—The complication. YPF agreed in November 2025 to hand Eni half the block and the operatorship. That transfer is still awaiting Uruguayan government approval.
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