April 16, 2019 / 5:45 PM / 8 days ago

Qatar Petroleum wins offshore exploration rights in Argentina

FILE PHOTO: Cars are parked outside the headquartes of Qatar Petroleum in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. REUTERS/Stringer/File Photo

CAIRO (Reuters) - Qatar Petroleum has won exploration rights in five offshore blocks in Argentina as part of two consortia, the company said in a statement on its website.

The consortium for three blocks in the Malvinas West basin is made up of an ExxonMobil affiliate with a 70 percent interest, and a Qatar Petroleum affiliate with a 30 percent.

The consortium for two blocks in the North Argentina basin comprises an affiliate of Shell with a 60 percent interest, and an affiliate of Qatar Petroleum with a 40 percent interest, the statement said.

Reporting by Nayera Abdallah. Editing by Jane Merriman

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