QatarEnergy enters offshore Atlantic exploration in Canada

QatarEnergy has entered into an agreement with ExxonMobil Canada to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada, the company said on Sunday. 

The company said it will hold 40 percent participating interest in license EL 1165A, where the Hampden exploration well activities are planned. Meanwhile ExxonMobil will hold the remaining 60 percent. 

QatarEnergy said that the agreements has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). 

The block is located approximately 450 km east of the city of St. John’s in Newfoundland and Labrador, in water depths of approximately 1,100 meters, the company explained in the statement.