Offshore staff
DOHA, Qatar – Qatar Petroleum has agreed to acquire 10% interests in three exploration blocks offshore Mozambique.
Subject to regulatory approvals, the company will join operatorExxonMobil, Rosneft, and Mozambique state oil company ENH in the A5-B block in the Angoche basin in water depths of 1,800 to 2,500 m (5,905 to 8,202 ft), and Z5-C and Z5-D in the Zambezi basin, where water depths range from 200-2,000 m (656-6,562 ft).
Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum, said the company’s decision was in line with its strategy of entering prospective frontier basins “with significant hydrocarbon resource potential.”
12/10/2018
