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Qatar Petroleum intends to partner with ExxonMobil to develop the U.S. shale market

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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After Brazil's recent offshore development partnership, Qatar Petroleum may partner
again with ExxonMobil (XOM).

This time they will target unconventional oil and gas development in the United States, perhaps in partnership
with XTO Energy, a subsidiary of ExxonMobil.

The Wall Street Journal reported on Tuesday that Qatar and ExxonMobil are negotiating a potential deal that could see Qatar Oil invest in U.
S.
shale gas resources
.

PEC members may invest in future wells
with XTO Energy.

The Wall Street Journal said the agreement had not been finalized and did not detail the size of
the investment in Qatar.

XTO Energy produces oil and gas in different U.
S.
basins and also has operations
in Canada and Argentina.
It has interests in more than 55,000 producing oil and gas wells spread across the United States and has more than 11 million acres.

Qatar and ExxonMobil are also partners
in Qatar operations and Golden Pass, a planned LNG export facility in East Texas.

After Brazil's recent offshore development partnership, Qatar Petroleum may partner
again with ExxonMobil (XOM).

ExxonMobil

This time they will target unconventional oil and gas development in the United States, perhaps in partnership
with XTO Energy, a subsidiary of ExxonMobil.

The Wall Street Journal reported on Tuesday that Qatar and ExxonMobil are negotiating a potential deal that could see Qatar Oil invest in U.
S.
shale gas resources
.

PEC members may invest in future wells
with XTO Energy.

The Wall Street Journal said the agreement had not been finalized and did not detail the size of
the investment in Qatar.

Qatar and ExxonMobil are also partners
in Qatar operations and Golden Pass, a planned LNG export facility in East Texas.

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