Sintana Energy Inc (LON:SEI) has provided the following updates in relation to activities in Latin America.
AREA OFF-1, offshore Uruguay: ANCAP, the Uruguayan state-owned energy company and regulator, has agreed to a suspension of the initial exploration subperiod of the AREA OFF-1 block, offshore Uruguay, for 1 year, such that the first exploration subperiod will now expire on 23 August 2027. The suspension was requested by Chevron Mexico Finance LLC, Sucursal Uruguay, operator of the block, in accordance with the provisions of the licence contract for AREA OFF-1, given the length of time taken for environmental authorisation of the AREA OFF-1 3D seismic acquisition campaign. As previously advised, following environmental authorisation being obtained in early 2026 an initial season of seismic acquisition was completed prior to the end of April 2026, with a second season scheduled to commence in Q4 2026. Acquisition, processing and interpretation of all of the planned 3D seismic data over the block is considered essential data necessary to making an optimal exploration well drilling decision.
Offshore Argentina: On 14 February 2025, Challenger Energy Group plc, a member of the Sintana group of companies, submitted an expression of interest for the award of an offshore hydrocarbon exploration permit under national jurisdiction in the North Argentine Basin (CAN – 200), in accordance with the provisions of Article 46 of Law No. 17,319 of the Argentine Republic. On 15 July 2026, Decree 590/2026 was published in the Official Gazette of the Argentine Republic, which instructs the National Secretariat of Energy to call for an International Public Tender based on Challenger Energy’s expression of interest, as a necessary precursor to the potential award of a permit. Challenger will proceed to participate in this process, in compliance with the provisions and timelines established by the Argentine law and authorities, and further updates will be provided as appropriate.
