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Sintana Energy ( (TSE:SEI) ) just unveiled an update.
Sintana Energy has begun a 3D seismic acquisition campaign on the offshore AREA OFF-1 block in Uruguay, a key step in appraising its Atlantic-margin portfolio. The survey, operated by Chevron affiliate Viridien using the BGP Prospector vessel, will span about 4,300 square kilometres over two seasons through April 2027, with early fast-track results expected in late 2026.
The company holds a 40% non-operated stake in AREA OFF-1 and is fully carried for the seismic costs following a 2025 farm-out of a 60% interest to Chevron, underscoring strong industry backing. The start of work follows court rejection of challenges by activist groups, highlighting both the robustness of Uruguay’s environmental permitting regime and Sintana’s emphasis on high health, safety and environmental standards as it integrates the asset acquired via Challenger Energy into its broader transatlantic portfolio.
More about Sintana Energy
Sintana Energy Inc. is an Atlantic Margin-focused oil and gas explorer with a portfolio of high-impact offshore assets spanning the Southern Atlantic conjugate margin. The company is strategically positioned in emerging frontier markets including Namibia, Uruguay and Angola, complemented by legacy holdings in Colombia and The Bahamas, and works in partnership with major industry players while benefiting from carried interests on key licences across multiple jurisdictions.
See more data about SEI stock on TipRanks’ Stock Analysis page.