Lukoil and Eni have agreed to become partners in three shallow-water production-sharing blocks in Mexico through farmouts.
Lukoil will transfer a 40% stake in Block 12 to Eni, retaining 60% and remaining operator.
Eni will assign 20% interests each in Blocks 10 and 14 and remain operator. It will hold 80% of Area 10 and 40% of Area 14, in which Citla holds the other 40%.
The blocks, awarded in Mexico’s Round 2.1 in 2017, are in the Sureste basin.
The transfers are subject to approval by the National Hydrocarbons Commission.
The companies also are partners in Sureste basin Block 28, awarded in licensing Round 3.1. Eni holds 75% of Block 28 and is operator, and Lukoil holds the remainder.