Qatar Petroleum has won exploration rights in five offshore blocks in Mexico. The winning bids were announced by the National Hydrocarbon Commission of Mexico (CNH) at the conclusion of a public bidding session in Mexico City, during which the CNH also received the competing bids.
Qatar Petroleum won the exploration rights for blocks 3, 4, 6, and 7 in the Perdido basin as part of a consortium comprising Shell (operator with a 60% interest) and Qatar Petroleum (with a 40% interest).
Qatar Petroleum also won the exploration rights for block 24 in the Campeche basin as part of a consortium comprising Eni (operator with a 65% interest) and Qatar Petroleum (with a 35% interest).
Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum welcomed the announcement of the winning bids, which he said was a clear example of the important role that Qatar Petroleum plays in the global oil and gas industry.
Al-Kaabi said that winning the offshore exploration blocks in Mexico is an important achievement for Qatar Petroleum. He said that winning the bid represents another step in expanding QP’s international footprint.
I would like to take this opportunity to thank the Mexican authorities for the transparent and efficient process, and our partners Shell and ENI for their excellent collaboration on this opportunity.’
The exploration blocks were offered as part of the Mexico Deep Water Round 2, Phase 4 bid round, which covered 29 blocks in the Perdido, Campeche and Mexican Ridges areas in the Gulf of Mexico.
The relevant legal agreements, including the concession agreements, are expected to be signed between the Mexican authorities and the various winning entities by May of this year.
For more information about Qatar Petroleum, visit their website at qp.com.qa.