Eni's Deepwater Dive in Uruguay
Update: 2025-11-26
Description
Eni, an Italian energy giant, is set to acquire a 50% stake in Uruguays Block OFF-five, a frontier area with potential for substantial petroleum reserves. This move, in partnership with YPF, marks Enis entry into the South American energy market and their commitment to leveraging advanced technology for exploration. The deal, if approved, would provide Eni with a strategic foothold in a promising yet underexplored Atlantic play, while strengthening their alliance with YPF.
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