ExxonMobil adds three blocks to its offshore Argentina portfolio

Oil major ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round.

The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the onshore Vaca Muerta unconventional oil play and a business support center in Buenos Aires, ExxonMobil said on Tuesday.

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