Exploration & Production

Qatar Petroleum acquires stakes in Exxon Argentina affiliates

Qatar Petroleum has agreed to acquire a 30% stake in two ExxonMobil affiliates in Argentina that hold acreage in the Vaca Muerta shale play
By Staff reporter 4 June 2018 0 31145

Qatar Petroleum (QP) has agreed to acquire a 30% stake in two ExxonMobil affiliates in Argentina that hold acreage in the Vaca Muerta shale play, QP announced on Monday.

The deal gives the company stakes in ExxonMobil Exploration Argentina and Mobil Argentina, which hold rights with other partners for seven blocks.

“This is an important milestone, as it marks [QP’s...] first significant international investment in unconventional oil and gas resources,” QP Chief Executive Saad al-Kaabi said.