Eni and Lukoil in Mexico stake swap

Mexico

MEXICO CITY , November 6, 2018 – E&P major Eni and Russia’s Lukoil have exchanged participating stakes in three shallow-water Mexican blocks, the Italian company said in a press statement on Tuesday.

Subject to regulatory approval, Eni will take a 40% stake in Lukoil’s Southeastern Basins Area 12, while the Russian company will acquire 20% interests in Southeastern Basins Area 10 and Southeastern Basins Area 14, the latter of which also includes Citla Energy as a partner.

All three blocks were awarded during Mexico’s Round 2.1 in June 2017.

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