Russian oil company agreed to acquire a 50% operator stake offshore Mexico.

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Russia’s Lukoil joins Mexican shallow-water project Area 4

The acquisition adds to its involvement in blocks 10, 12, 14, 28 and Amatitlan in Mexico, which the company sees as a strategic region for its international upstream development.

Lukoil agreed to acquire a 50% operator stake offshore Mexico. With a transaction valued at $435 million-plus expenditures incurred in 2021 as of the transaction completion date.

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