QP Gets Busy Overseas

The past week has been an active one for Qatar Petroleum. Last week ended with QP adding to its burgeoning Americas portfolio, winning the offshore Tita exploration block (ExxonMobil 64%op, QP36%) in Brazil’s latest bid round on 28 September. QP previously won four blocks offshore Brazil in March – two with ExxonMobil and two with ExxonMobil and Malaysia’s Petronas – and five offshore Mexico in January – four with Shell and one with Eni ( MEES, 2 February ).

Buoyed by this latest overseas expansion QP CEO Saad al-Kaabi then embarked on a tour of Asia. First stop was the emerging LNG buyer Pakistan, where he held talks with newly elected PM Imran Khan on 29 August. Next up, Qatar’s largest LNG buyer South Korea. This included talks with Kogas which has a stake in Qatargas’ 6.6mn t/y RL1 plant and is a contender for a stake in Qatar’s LNG expansion plan ( MEES, 28 September ). (CONTINUED - 190 WORDS)