8,494 Active Recruiters     Over 2 Million Candidates Globally

Advanced
  1. Keep me logged in
  2. forgot password
cancel

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

Qatar Petroleum Signs Agreement to Acquire Interest in Three Offshore Oil Fields in Mexico

Published in Oil Industry News on Wednesday, 19 December 2018


Graphic for News Item: Qatar Petroleum Signs Agreement to Acquire Interest in Three Offshore Oil Fields in Mexico

Qatar Petroleum entered into an agreement with Eni to acquire a 35% participating interest in three offshore oil Fields in Mexico.

The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay.

The agreement is subject to customary regulatory approvals by the government of Mexico. Following such approval, both Eni and Qatar Petroleum will jointly hold 100% interest in the Area 1 production sharing contract.
Commenting on this agreement, H.E. Mr. Saad Sherida Al-Kaabi, minister of state for energy affairs, president & CEO of Qatar Petroleum, said: “We are pleased to sign this agreement, with our valued partner, Eni, to participate in the development and production of oil fields in Mexico. This agreement marks another milestone for Qatar Petroleum as it strengthens its international footprint and expands its presence in Mexico.”

@medicalInsuranceWidget@

H.E. Mr. Al-Kaabi added: “Qatar Petroleum is pleased to enhance its fruitful cooperation and partnerships with a major energy player like Eni. We are also excited about participating in this development in Mexico’s Campeche Bay, and with first oil production expected by mid-2019, we look forward to collaborating with Eni to ramp up production to around 90,000 bopd by 2021.”

The National Hydrocarbon Commission of Mexico approved the phased development plan for Area 1 allowing for early production to start by mid- 2019 through a wellhead platform in the Mizton field and a multiphase pipeline for treatment at an existing Pemex facility.

The full field production is expected to be achieved in 2021 through a floating production, storage, and offloading facility with a treatment capacity of 90,000 bopd. Two additional platforms will be installed on the Amoca field and the Tecoalli field. Area 1 is estimated to hold 2.1 Bboe, 90% of which is oil.

This is the second presence for Qatar Petroleum in Mexico. At the end of January 2018, Qatar Petroleum won exploration rights in 5 offshore blocks in the Perdido and Campeche basins as part of a consortium comprising Shell and Eni respectively.

In line with its growth plans, this opportunity represents another step in implementing Qatar Petroleum’s strategy to expand its international footprint, and to pursue Latin America as an important core area for its upstream activities.

Qatar Petroleum’s international upstream footprint has been expanding recently in Brazil, Mexico, Argentina, Cyprus, Congo, South Africa, Mozambique and the Sultanate of Oman.

His Excellency Minister Al-Kaabi concluded by saying: “These expansions go hand in hand with our previous announcements to develop and increase our natural gas production from 77 MMtpa to 110 MMtpa in the coming years; and to raise our production capability from 4.8 MMboed to 6.5 MMboed during the next decade.”

Source: www.worldoil.com

Please leave comments and feedback below





Tags

Mexico Oil and Gas, Mexican Oil and Gas, Pemex Oil and Gas, Gulf of Mexico Oil and Gas, Oil and Gas News








Oil and Gas News Archive


Latest Oil & Gas News







Featured Companies

  • View All JobsOMPA

    Offshore Marine People & Academy (OMPA) is a global provider of personnel and training to the renewables, oil & gas, telecommunications and marine industries.

    With over 15 years' industry experience, we work with candidates to match them to the right roles and equip them with the skills and knowledge needed to succeed. Our job is to exceed your expectations.

    Visit us online: offshorempa.com

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com