Qatar Petroleum enters into three exploration blocks in Mexico
May 06 2020 09:34 PM
The three offshore blocks are situated in the Campeche basin and within 30km to 90km of the giant Ca
The three offshore blocks are situated in the Campeche basin and within 30km to 90km of the giant Cantarell and KMZ oil fields

Qatar Petroleum entered into three “farm-in agreements” to acquire about 30% of Total’s participating interest in blocks 15, 33 and 34 located in the Campeche basin, offshore Mexico.
Each of the farm-in agreements is subject to customary regulatory and other approvals by Total’s existing partners and the government of Mexico.
On the occasion, HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi, also president and CEO of QP said, “We are pleased to sign these agreements, which further expand Qatar Petroleum’s footprint in Mexico, and demonstrate our commitment to achieving our international growth strategy, with Latin America as a core area in our international portfolio.”
Al-Kaabi also added, “We look forward to collaborating further with Total, our other partners in these blocks, and the government of Mexico. I would like to take this opportunity to thank the Mexican authorities and our partners for their continued support.”
The three offshore blocks are situated in the Campeche basin and within 30km to 90km of the giant Cantarell and KMZ oil fields.
The total area covered by the blocks is approximately 2,300 sq km, with water depths ranging from about 10 metres to 1,100 metres.



There are no comments.

LEAVE A COMMENT Your email address will not be published. Required fields are marked*
MORE NEWS

HAPPENING IN DOHAMore