Eni S.p.A. (BIT:ENI) signed an agreement to acquire 50% stake in Exploration Block OFF-5 in Uruguay from YPF Sociedad Anónima (BASE:YPFD) on November 25, 2025. Eni signed an agreement for the acquisition of a 50% share and operatorship in the exploration Block OFF-5.
The agreement will become effective after the approval of the Uruguayan authorities.
YPF Sociedad Anonima (YPF) is an energy company. The Company is operating a fully integrated oil and gas chain. The Company operates through the segments, including Exploration and Production, Downstream, and Corporate and Other. The Company's Exploration and Production segment includes exploration and production activities, natural gas and crude oil purchases, sales of natural gas, and to a lesser extent crude oil, to third parties and intersegment sales of crude oil, natural gas and its byproducts. The Company's Downstream segment is engaged in the refining, transport, purchase of crude oil and natural gas from third parties and intersegment sales, and marketing of crude oil, natural gas, refined products, petrochemicals, electric power generation and natural gas distribution. The Company's Corporate and Other segment carries out other activities.
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