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Block 3

Project Stages

The development stages in the projects are displayed in the standard sequence for the industry. However, projects may be developed in a different sequence because of corporate decisions or events that push the owner to repeat stages. To access the full details of this project’s history please explore its milestones

Early Works
Current Stage: Seismic
Start: 01/2010
In Construction
Project Details


Operated by YPF, the block 3 covers an area of 5,500km3 and is located deepwater at Uruguay's Punta del Este basin. During Uruguay's first offshore round in 2009, the block was granted to a consortium formed by Petrobras (40%), YPF (40%) and Galp (20%). In 2013, Shell acquired Petrobras' stake. Before the round, Ancap conducted 2D seismics studies at the block. As part of the first phase of the project, 3D and 2D seismics studies will be conducted, which have to be completed before may 2014 to start the second phase, which includes drillings. In case of success in the exploration period, first production is expected by 2021.

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Milestones Log and News

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

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Key Specs

Full Name
Block 3
Project Type
Deepwater, Exploration, Offshore, Upstream
Development Phase
Project Status
Project Capacity

It is located at sea, 200km south of Punta del Este.

* The map coordinates provided above represent the approximate latitude and longitude, and not the exact location, of the project in question.

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Owner / operator
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Vice President Communication and Public Affairs
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Investor Relations Manager
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