Qatar Petroleum Enters Deal for Three Exploration Blocks in Mexico
Qatar Petroleum entered into three farm-in agreements to acquire at least 30% of Total’s participating interest in blocks 15, 33 and 34 of the Campeche Basin, offshore Mexico.
Each of the farm-in agreements is subject to customary regulatory and approvals by Total’s existing partners and the government of Mexico.
Minister of State for Energy Affairs and President/CEO of Qatar Petroleum HE Saad Sherida Al Kaabi, said they are pleased to sign the agreements, which further expand Qatar Petroleum’s footprint in Mexico, and demonstrate their commitment to their international growth strategy, with Latin America as a core area in the company’s international portfolio.
Minister Al Kaabi added thay they are looking forward to collaborating further with Total, and with their other partners in the blocks, as well as with 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 30 to 90 kilometres of the giant Cantarell and KMZ oil fields. The total area covered by the blocks is approximately 2,300 square kilometres, with water depths ranging from about 10 metres to 1,100 metres.
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