QatarEnergy acquires stakes in three offshore Uruguay exploration blocks
Key highlights
- QatarEnergy acquired participating interests in three offshore Uruguay exploration blocks from BG International (Shell).
- QatarEnergy holds an 18% stake in OFF-4 while APA Corporation operates with 50% and Shell holds 32%.
- QatarEnergy holds 30% stakes in OFF-2 (Shell operator 70%) and OFF-7 (Shell operator 40%, Chevron 30%).
- Blocks OFF-2, OFF-4 and OFF-7 cover areas of 11,155–18,227 km² with water depths ranging from 40 to 4,000 meters.
Transaction
QatarEnergy acquired participating interests in three offshore Uruguay exploration blocks from BG International Limited, a subsidiary of Shell.
Stakes and operators
OFF-4: QatarEnergy 18%, Shell 32%, APA Corporation operator 50%; OFF-2: QatarEnergy 30%, Shell operator 70%; OFF-7: QatarEnergy 30%, Shell operator 40%, Chevron 30%.
Locations and size
Blocks OFF-2, OFF-4 and OFF-7 are offshore Uruguay’s Atlantic coast, covering areas of 11,155–18,227 km² with water depths ranging from 40 to 4,000 meters.
Source: QatarEnergy