en.Wedoany.com Reported - Canadian oil and gas exploration company Sintana Energy has disclosed its latest progress in Latin America, confirming that its offshore Argentina plan is advancing, while Chevron-operated offshore blocks in Uruguay have received an exploration period extension.

In Uruguay, the National Administration of Fuels, Alcohol, and Portland Cement (ANCAP) has agreed to suspend the initial oil and gas exploration sub-period of the AREA OFF-1 block for one year, with a new expiration date of August 23, 2027. The suspension was requested by block operator Chevron under the license contract terms due to the lengthy approval process for environmental authorization for 3D seismic acquisition activities. After obtaining environmental authorization, the first seismic acquisition season was completed by the end of April 2026, and the second acquisition season is planned to begin in the fourth quarter of 2026. The acquisition, processing, and interpretation of all 3D seismic data for the block are considered key to making optimal oil and gas exploration well drilling decisions.

In Argentina, Sintana affiliate Challenger Energy submitted an expression of interest in February 2025 for oil and gas exploration in the national jurisdiction waters of the North Argentina Basin (CAN-200). On July 15, 2026, Argentine Decree No. 590/2026 was published in the Official Gazette, instructing the National Energy Secretariat to initiate an international public tender process based on this expression of interest. Challenger will participate in this process in accordance with Argentine law and the regulations of the competent authorities.

Sintana Energy holds interests in two blocks in Uruguay: AREA OFF-1 (40% working interest, with Chevron as operator) and the 100% self-operated AREA OFF-3 block.