Qatar Petroleum Wins Exploration Rights Off Argentina

Tuesday, April 16, 2019

Qatar Petroleum has won exploration rights in five offshore blocks in Argentina as part of two consortia, the company said in a statement on its website.

The consortium for three blocks in the Malvinas West basin is made up of an ExxonMobil affiliate with a 70 percent interest, and a Qatar Petroleum affiliate with a 30 percent.

The consortium for two blocks in the North Argentina basin comprises an affiliate of Shell with a 60 percent interest, and an affiliate of Qatar Petroleum with a 40 percent interest, the statement said.

(Reporting by Nayera Abdallah. Editing by Jane Merriman)

Categories: South America Exploration

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