Texas, April 17 - Netegaz.RU. ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments and an affiliate of Qatar Petroleum won 3 exploration blocks during Argentina’s 1st offshore bid round.
The blocks are located in the Malvinas basin, approximately 200 miles (320 km) offshore Tierra del Fuego and include MLO-113, MLO-117 and MLO-118.
“We look forward to working with our co-venturer to explore this new opportunity in Argentina,” said Mike Cousins, senior VP of ExxonMobil Exploration and New Ventures. “This potential play-opening opportunity will allow ExxonMobil to use its unique exploration capabilities and expertise as it evaluates this new acreage.”
ExxonMobil will operate the blocks with 70 % working interest. A Qatar Petroleum affiliate will hold the remaining 30 %. The initial work program will include 3-D seismic data acquisition. A resolution will be issued by Argentina’s Secretariat of Energy confirming the public tender results.