Government Bids | Offshore
Exxon Bolsters Argentinean Assets in Latest Bid Round; Three Offshore Blocks
Email
Print 
Bookmark
ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina's first offshore bid round.
Exxon and Qatar Petroleum have previously partnered to develop blocks offshore Brazil, which they picked up in September 2018.
The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the onshore Vaca Muerta unconventional oil play and a business support center in Buenos Aires.
The blocks are located in the Malvinas basin, approximately 200 miles (320 kilometers) offshore Tierra del Fuego and include MLO-113, MLO-117 and MLO-118.
ExxonMobil will operate the blocks with 70% working interest. A Qatar Petroleum affiliate will hold the remaining 30%.
Related Categories :
Government Bids
More Government Bids News
-
Iraq Energy Cabinet, Schlumberger Ink $480MM Well Deal
-
W&T Offshore High Bidder on GOM Lease; Updates Credit Facility, Hedges
-
W&T Offshore Submits Winning Bid on Two Shallow GOM Blocks
-
Talos Wins GOM Exploration Blocks in Latest Bid Round; 11,520 Gross Acres
-
Australia Opens 2020 Bid Round for New Offshore Permits
South America News >>>
-
Frontera Energy's Colombian Assets: A Contested Acquisition Emerges in Latin America's E&P Sector
-
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS
-
Gran Tierra Energy To Step Down Activity in 2026
-
Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
-
Continental Resources to Acquire 90% Stake in Vaca Muerta Shale Concession -
