Qatar Petroleum signed a deal with Italy’s Eni late Sunday to acquire a 35% stake in three offshore oilfields in Mexico, QP said in a statement. Receive daily email alerts, subscriber notes & personalize your experience. Register Now QP will hold interests in the Amoca, Mizton and Tecoalli fields in Area 1 of the Campeche Bay complex. QP already holds some stakes in Area 1, as part of a Shell-Eni consortium participating in the exploration of five offshore blocks in the Perdido and Campeche basins. The new deal will give both Eni and QP a 50:50 share over Area 1. First oil from Campeche Bay is expected by mid-2019, with a production rate of 90,000 b/d of oil expected by 2021. “These expansions go hand in hand with our previous announcements to develop and increase our natural gas production from 77 million mt/year to 110 million mt/year […]