ExxonMobil, Qatar Petroleum net blocks in Argentina bid round

ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round.

Apr 16th, 2019

Offshore staff

IRVING, Texas– ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round.

The blocks are in the Malvinas basin, approximately 200 mi (322 km) offshore Tierra del Fuego and include MLO-113, MLO-117, and MLO-118.

ExxonMobil will operate the blocks with 70% working interest. A Qatar Petroleum affiliate will hold the remaining 30%. The initial work program will include 3D seismic data acquisition. A resolution will be issued by Argentina’s Secretariat of Energy confirming the public tender results.

In addition, Qatar Petroleum also won the exploration rights for blocks CAN-107 and CAN-109 in the North Argentina basin as part of a consortium comprising an affiliate of Shell (operator with 60% interest) and an affiliate of Qatar Petroleum (with 40% interest).

04/16/2019

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