On 6 Mayo 2020, TOTAL announced its Block 15, Area 33 and Area 34 blocks farmout with Qatar Petroleum (QP), all located in offshore Sureste Basin in water depths ranging between 10 to 1,000m. The new player QP is taking about 30% of TOTAL's holding in each block.   The new working interest breakdown for the blocks is as follow:     For      Block 15, TOTAL holds 42% working interest (operator), QP holds 18% and      Shell keeps the same 40% working interest.  For      Area 33 Block, TOTAL holds 35% working interest (operator), QP holds 15%      and PEMEX keeps the same 50% working interest.  For      Area 34 Block, TOTAL holds 27.5% working interest, QP holds 15%, BP      (operator) and Hokchi Energy keep the same 42.5% and 15% working interest,      respectively.   The Block 15 (976.15 sqkm) was awarded on 25 September 2017 under the CNH-R02-L01-A15.CS/2017 contract and it is located offshore in water depths around 10 to 30 m. The Area 33 Block (583.34 sqkm) was awarded on 27 June 2018 under the CNH-R03-L01-AS-CS-06/2018 contract and is located offshore in water depths around 30 to 100 m. The Area 34 Block (739.16 sqkm) was awarded on 27 June 2018 under the CNH-R03-L01-G-CS-03/2018 contract and it is located offshore in water depths around 60 to 1,000 m.  The farm-outs are subject to customary regulatory and other approvals by Total's partners and Mexico's government.  Background  On 25 September 2017, the CNH signed the final award contract with the consortium of TOTAL E&P Mexico, S.A. de C.V. and Shell Exploracion y Extraccion de Mexico, S. de R.L. de C.V. for the CNH-R02-L01-A15.CS/2017 PSC contract, Area 15 block from the CNH-RO2-LO1/2016 Bid Round. TOTAL is operator with 60% working interest and Shell has 40% working interest.  On 27 June 2018, the consortium of TOTAL E&P Mexico, operator with 50% working interest and PEMEX Exploracion y Produccion with 50%, was granted an official PSC contract award for the 581 sq km CNH-R03-L01-AS-CS-06/2018 contract from the CNH-R03-L01/2017 Bid Round.    On 27 June 2018, the consortium of BP Exploration Mexico, TOTAL E&P Mexico, and Hokchi Energy (Pan American), was granted an official PSC contract award for the 734 sqkm CNH-R03-L01-G-CS-03/2018 contract from the CNH-R03-L01/2017 Bid Round.
Total farmed out 30% WI in a trio of offshore Mexican blocks to Qatar Petroleum. The blocks are CNH-R02-L01-A15.CS/2017, CNH-R03-L01-AS-CS-06/2018, and CNH-R03-L01-G-CS-03/2018.