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Eni commits to Mexico’s Area 1, brings in Qatar Petroleum

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ENI made an FID to develop the Area 1 offshore Mexico license for $2 billion in capex as it announced plans to bring in Qatar Petroleum as a partner. If approved by the Mexican government, Eni’s 100% WI would be reduced to 65% WI, with QP holding the balance.Eni, which was awarded the license in September 2015, will remain the operator of the license in Mexico's Campeche Bay. The license is estimated to hold......
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