Shell farms down stakes in two exploration blocks offshore Uruguay

Chevron and QatarEnergy have joined the company in AREA OFF-7, with QatarEnergy – a newcomer to the country – also farming into AREA OFF-2.
April 3, 2026

Chevron and QatarEnergy have completed farm-ins to awarded exploration blocks offshore Uruguay.

Sintana Energy, which has interests in two blocks following its acquisition of Challenger Energy last year, said Uruguay’s industry regulator ANCAP had confirmed that the two companies had each taken a 30% stake in AREA OFF-7, operated by Shell.

In addition, QatarEnergy has acquired a similar position in AREA OFF-2, again under Shell’s stewardship.

BGP Exploration and Viridien are collaborating on a multi-client seismic acquisition campaign over the Uruguay blocks, starting with Chevron/Sintana’s AREA OFF-1. As of March 25, about 564 sq km of 3D data had been acquired.

Most of the planned coverage of the main prospects on the block should be completed once the first-season program ends in April, Sintana added.

About the Author

Jeremy Beckman

Editor, Europe

Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.

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