Seismic acquisition has begun on offshore acreage in Uruguay operated by Chevron, marking a defined operational step in progressing exploration exposure in the South Atlantic margin. The campaign centres on the AREA OFF-1 block, where Sintana Energy holds a carried minority interest alongside the operator. The launch of a large-scale three dimensional seismic survey provides a clear data catalyst over the next 12 to 18 months and materially advances technical evaluation of the licence.
The programme will be conducted across several thousand square kilometres using a modern seismic vessel equipped to tow long streamers designed to capture high resolution subsurface imaging. Data gathered during this first phase will undergo fast-track processing, with initial interpretation expected later this year and more advanced results to follow after full processing is complete.
Importantly, the seismic work is being funded by the operator under the terms of the existing farm-out arrangement. Sintana’s interest is carried through this stage, limiting near-term capital exposure while preserving leverage to any uplift in prospectivity. In frontier basins, early-stage seismic is a critical value inflection point. It does not eliminate risk, but it can significantly narrow uncertainty around structure, trap integrity and potential resource scale. The presence of a major operator with deepwater experience reduces execution risk and signals a measured approach to basin entry.
Sintana Energy Inc (TSX-V:SEI, OTCQX:SEUSF) is a public oil and natural gas exploration company listed on the Toronto Venture Exchange.
