Qatar Petroleum Enters into Three Exploration Blocks in Mexico

Qatar Petroleum has signed three farm-in agreements to acquire about 30% of Total SA’s participating interest in Blocks 15, 33, and 34 in Campeche basin, offshore Mexico.

The blocks lie within 30-90 km of Cantarell and KMZ oil fields in water depths of 10-1,100 m. The total area covered by the blocks is about 2,300 sq km.

Each farm-in agreement is subject to customary regulatory and other approvals by Total’s existing partners and the government of Mexico.