Eni and APA Sign Deal for Block 6 Offshore Uruguay | 2026 - News and Statistics
Article excerpt
Highlighted: the sentence this signal was extracted from
Italian energy group Eni has reached an agreement with Texas-based oil and gas company APA Corporation to acquire a stake in an offshore block near Uruguay, according to a source published on 2026-08-10. The deal, signed between APA and Eni, makes the Italian firm a strategic partner in Block 6 offshore Uruguay. Under the terms, APA will keep a 60% working interest, while Eni will fund the majority of the initial exploration well planned for 2027. APA's chief executive, John J. Christmann IV, said the company continues to advance one of the industry's most differentiated exploration portfolios. He noted that the pending Savant acquisition in Alaska will secure critical infrastructure next to its position and add flexibility as next steps are evaluated. Regarding Uruguay, he welcomed Eni as a strategic partner in Block 6. Eni's entry into Uruguay's upstream sector follows its earlier move to secure a 50% interest and operatorship of Block 5, with Argentina's YPF as partner through its subsidiary MIWEN.
