Qatar Petroleum

Deal marks state-owned energy company’s entry into Canada’s offshore sector.

Baker Hughes scored what it said is among the largest LNG deals it has secured in the past 5 years. The compressors will be installed in Qatar Petroleum’s North Field East LNG trains, boosting Qatar’s total LNG production capacity from 77 mtpa to 110 mtpa.

Qatar Petroleum entered into a farm-in agreement with Total E&P to acquire a 45% participating interest in two blocks located in the Ivorian-Tano basin, offshore the Republic of Côte d’Ivoire.

Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track.

The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium.

Thirteen companies placed bids on 18 blocks in the Austral, North Argentina, and Malvinas West basins as part of Argentina’s first open bid round for offshore acreage in more than 20 years.

The Golden Pass LNG export project got the go-ahead for a $1-billion liquefaction development. Baker Hughes will supply turbomachinery equipment for three LNG trains. Startup is expected in 2024.