CELEX: 32018M9101
Language: en
Date: 2018-10-02 00:00:00
Title: Commission Decision of 02/10/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9101 - ExxonMobil Corporation / Qatar Petroleum / Exxon Mobil Exploration Argentina SRL / Mobil Argentina SA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 02.10.2018
                                                                C(2018) 6546 final
                                                                          PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9101 – EXXONMOBIL / QATAR PETROLEUM / EXXONMOBIL
                EXPLORATION ARGENTINA / MOBIL ARGENTINA
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 10 September 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the undertakings
        Exxon Mobil (USA) and Qatar Petroleum (Qatar) acquire within the meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control of ExxonMobil Exploration
        Argentina S.R.L. (Argentina), and Mobil Argentina S.A. (Argentina), both belonging to
        ExxonMobil by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
         –      Exxon Mobil is active worldwide in the development, production, and sale of crude
                oil and natural gas; the refining and sale of refined petroleum products; the
                development, production, and sale of various chemical products; and power
                generation.
         –      Qatar Petroleum is active worldwide in the exploration, drilling and production
                operations, transport, storage, marketing and sale of crude oil, refined products,
                liquefied natural gas (LNG), petrochemicals and fertilizers.
1       OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the
        Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of
        'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used
        throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').
3       Publication in the Official Journal of the European Union No C 329, 18.9.2018, p. 5.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---    –      ExxonMobil Exploration Argentina S.R.L. and Mobil Argentina S.A.are wholly
          owned affiliates of ExxonMobil in Argentina, which own and operate the Vaca
          Muerta shale field in Neuquen province in Argentina and are active in the
          exploration, development, production, and sale of crude oil and gas in Argentina.
3. After examination of the notification, the European Commission has concluded that the
   notified operation falls within the scope of the Merger Regulation and of paragraph 5(a) of
   the Commission Notice on a simplified procedure for treatment of certain concentrations
   under Council Regulation (EC) No 139/2004.4
4. For the reasons set out in the Notice on a simplified procedure, the European Commission
   has decided not to oppose the notified operation and to declare it compatible with the
   internal market and with the EEA Agreement. This decision is adopted in application of
   Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.
                                                    For the Commission
                                                    (Signed)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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