Saturday 7 April 2018

Eni, Qatar Hold Talks for Deal on Giant Mexico Field - Bloomberg

Eni, Qatar Hold Talks for Deal on Giant Mexico Field - Bloomberg:

"Eni SpA is in talks to sell a stake in its giant oil discovery in Mexico to Qatar Petroleum International, according to people with knowledge of the plans.

The Italian oil major, which currently holds 100 percent of the offshore find in Campeche Bay and expects to start production in early 2019, would sell 20 percent to 35 percent to Qatar Petroleum, the people said, asking not to be named because the negotiations aren’t public. Eni is also in talks with other potential suitors, the people said.

Eni declined to comment, and Qatar Petroleum didn’t respond to calls and emails seeking comment after business hours. Eni shares fell 0.1 percent at 11:30 a.m. in Milan, trading at 14.9 euros."



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