Shell & Qatar Petroleum win two deep-water blocks in Argentina’s bid round
abr. 16, 2019
Buenos Aires. - Today Shell Argentina S.A. (“Shell”), a subsidiary of Royal Dutch Shell plc, and its bid consortium member Qatar Petroleum International Limited (“Qatar Petroleum”) won two deep-water exploration blocks, located in the North Argentine Basin, as part of the Argentina Offshore Round 1, subject to regulatory approvals.
“This bid round offers significant frontier exploration opportunities that have the potential to add a long-term deep-water position and complement Shell’s unconventional business in the Neuquén Basin”, said Andy Brown, Upstream Director, Shell. “Shell is pleased to grow its footprint in Argentina and to do so hand in hand with our long-term global strategic partner, Qatar Petroleum.”
Shell’s exploration activities are focused on growing existing heartlands and on emerging basins to add competitive and resilient options to its upstream portfolio. The company’s deep-water business has production onstream in Brazil, the US Gulf of Mexico, Nigeria and Malaysia. Its exploration opportunities extend beyond 2025 and include Brazil, Mexico, the US Gulf of Mexico, offshore Mauritania, the western Black Sea, and now Argentina.
Shell will hold 60% interest of the exploration licences and will be the operator. Qatar Petroleum will hold the remaining 40%.
Notes to Editor:
- Blocks CAN_107 and CAN_109 are frontier exploration blocks at the edge of the continental shelf, have an area of 8,341 km2 and 7,860 km2 respectively, and span from shallow to deep-water.
- The initial exploration phase will focus on new, high quality seismic data acquisition, to enable full evaluation of the hydrocarbon plays and concepts identified by Shell and its consortium member Qatar Petroleum.
- Shell has been in Argentina for over 100 years and is committed to competitively developing and growing its Upstream business in country in the years to come.
- Shell will continue working with the Government of Argentina and contribute to the construction of a modern, efficient and sustainable energy future for the country.
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Bajo la superficie del océano, se encuentran extensos yacimientos de petróleo y gas. Tienen potencial para impulsar el crecimiento económico y ayudar a satisfacer las necesidades crecientes de energía en el mundo.
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