Sintana reported a 1-year suspension of the initial exploration subperiod for Uruguay’s AREA OFF-1 block; new expiry set for Aug. 23, 2027.
Chevron requested the pause due to delays in environmental authorization for the block’s 3D seismic acquisition campaign.
One seismic acquisition season finished by end-April 2026; a second season is scheduled to start in Q4 2026.
Argentina’s Decree 590/2026 ordered an international tender for a North Argentine Basin offshore permit (CAN-200) tied to a Challenger expression of interest.
Challenger plans to participate in the tender process under Argentina’s timelines and rules.
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