APA · News · 20260806N
Uruguay Exploration Partnership
APA Corp · 2026-08-06 · Importance 31 · Surprise 42 · In source text
APA is planning a deeper offshore exploration well in Uruguay’s block OFF-6 for late 2027. The well will target objectives much deeper than the Raya X1 well, which APA believes did not reach the source rock. Eni is APA’s partner, APA retains a 60% working interest, and Eni is expected to fund most of the initial exploration.
Key facts
- BNamericas reported APA is planning a significantly deeper offshore exploration well in Uruguay's block OFF-6 aimed to penetrate the seabed toward the end of 2027. source
- APA has partnered with Eni in Uruguay, with APA retaining a 60% working interest and Eni funding most of the initial exploration. source
- In Uruguay, APA believes the previous Raya X1 well did not reach the source rock and will target objectives much deeper than Raya X1. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | contingent | — | BNamericas reported APA is planning a significantly deeper offshore exploration well in Uruguay's block OFF-6 aimed to penetrate the… |
| cash | positive | committed | — | APA has partnered with Eni in Uruguay, with APA retaining a 60% working interest and Eni funding most of the initial exploration. |
| cash | negative | contingent | — | In Uruguay, APA believes the previous Raya X1 well did not reach the source rock and will target objectives much deeper than Raya X1. |