17DEC2018 - NEWS - Qatar Petroleum enters into agreement with Italy’s Eni to acquire a 35% interest in three Mexican offshore oil fields

Qatar Petroleum entered into an agreement with Italy’s Eni to acquire a 35% interest in three Mexican offshore oil fields in Campeche Bay. The agreement sees the company take a stake in the Amoca, Mizton, and Tecoalli fields, subject to approvals by the government of Mexico, while Eni continue to hold a 65% stake. Early production at the fields is scheduled to start by mid-2019, with full field production expected to be achieved in 2021. Qatar Petroleum entered the Mexican market in January when it won exploration rights in five offshore blocks in the Perdido and Campeche basins in consortium with Shell and Eni.

Published by Editor - www.Livebunkers.com at 17-Dec-2018 05:20:40 [UTC] , contact editor at editor@livebunkers.com