Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) said the exploration timetable for its offshore Uruguay interests has been extended by a year, while an Argentine offshore licensing opportunity moved towards a formal international tender.
Uruguay’s state-owned energy company and regulator ANCAP agreed to suspend the initial exploration period for the AREA OFF-1 block, pushing its expiry date to 23 August 2027.
Operator Chevron requested the extension after delays in obtaining environmental approval for a planned 3D seismic programme.
The first seismic acquisition season was completed before the end of April, with a second scheduled to begin in the fourth quarter of 2026.
Sintana said the full dataset must be acquired, processed and interpreted before an optimal exploration drilling decision can be made.
Separately, Argentina has instructed its National Secretariat of Energy to call an international public tender for the CAN-200 area in the North Argentine Basin.
The process follows a February 2025 expression of interest from Sintana group company Challenger Energy and is a necessary step before a potential exploration permit can be awarded.
