Argentina's YPF plans offshore Uruguay drilling in 2027
Argentina's state oil company YPF plans to begin exploratory drilling of an offshore block near Uruguay between late 2027 and early 2028. CEO Horacio Marín said the area's potential, if confirmed, could surpass the giant Vaca Muerta shale field.
Argentina's state-controlled oil company YPF says it plans to begin exploratory drilling on an offshore block near Uruguay, with operations expected between late 2027 and early 2028. Chairman and chief executive Horacio Marín confirmed the timeline in comments reported by regional media.
Marín said the area's geological potential, if confirmed, could exceed that of Vaca Muerta, Argentina's vast shale oil and gas formation that has become a cornerstone of the country's energy exports. The announcement is seen as part of YPF's push to expand its regional energy footprint beyond Argentina's own borders.
Offshore Uruguay has drawn growing interest from international energy companies in recent years. Should YPF's project proceed as planned, it could accelerate exploration activity in the area and raise Uruguay's profile on South America's energy map.
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