Lukoil buys Fieldwood out of Mexico offshore project

07/07/2021

Source: Upstream

Russian oil producer Lukoil has agreed to pay $435 million and additional unspecified incurred development costs to acquire a 50% operating stake in two Mexican shallow-water blocks from US independent Fieldwood Energy.

The blocks are part of the Area 4 project in the Gulf of Mexico and host the Ichalkil and Pokoch fields.

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