QatarEnergy inks Canada deal with ExxonMobil

LNG giant QatarEnergy said it has signed a deal with ExxonMobil Canada to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada.

Under the agreement, QatarEnergy would hold a 40 percent participating interest in license EL 1165A, while ExxonMobil Canada, a unit of ExxonMobil would have the remaining interest, according to a statement.

ExxonMobil plans Hampden exploration well activities within this license. The block covered by this license is located about 450 km east of the city of St. John’s in Newfoundland and Labrador, in water depths of some 1,100 meters.

Also, the transaction has received all necessary consents from the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), QatarEnergy, previously known as Qatar Petroleum, said.

Qatar’s energy minister and chief executive of QatarEnergy, Saad Sherida Al-Kaabi, said this agreement represents the company’s first entry into offshore Canada, in an “established producing basin with the leading producer in the area.”

“This builds on our strong partnership with ExxonMobil and is an important addition to our growing international exploration portfolio,” he said.

- Advertisements -

Most Popular

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

Seapeak says working on charter and other opportunities for six LNG carriers

Stonepeak's Seapeak is pursuing various opportunities relating to six of its liquefied natural gas (LNG) carriers which are scheduled...

More News Like This

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

QatarEnergy LNG to supply one cargo to PetroVietnam Gas

QatarEnergy LNG, previously known as Qatargas, will supply one liquefied natural gas cargo in April to the PetroVietnam Gas-operated...

Hanwha Ocean bags $1.84 billion Qatari LNG carrier order

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has secured an LNG carrier order worth about $1.84 billion...