Qatar Petroleum has ramped up its overseas activity since late 2017, securing a swathe of assets. The latest move was announced on 16 December, with a 35% farm-in to Eni’s 2.1bn barrel “Area 1” offshore Mexico which contains three fields.
The move was especially notable as the partners (Eni 65%, QP 35%) say that initial output from Area 1 is slated for mid-2019, before reaching full output of around 90,000 b/d in 2021. First oil will be from the Mizton field, before the Amoca and Tecoalli fields are subsequently brought online. (CONTINUED - 998 WORDS)