Deals
Eni, Qatar Hold Talks for Deal on Giant Mexico Field
- Qatar may get 35 percent stake in 2 billion-barrel discovery
- Eni has sought to sell interests in prospects to raise funds
This article is for subscribers only.
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.