Major oil companies including Shell, Chevron, Eni, APA, QatarEnergy, and YPF are preparing to drill offshore Uruguay, hoping its geology mirrors Namibia's recent world-class offshore discoveries.

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.

Major oil companies including Shell, Chevron, Eni, APA, QatarEnergy, and YPF are preparing to drill offshore Uruguay, hoping its geology mirrors Namibia's recent world-class…