Lukoil and Eni Sign Deal For Mexico Shallow-Water Projects
November 06 2018 - 6:43AM
Dow Jones News
By Carlo Martuscelli
Lukoil PJSC (LKOH.MZ) said Tuesday that it has signed an
agreement with Italy's ENI SpA (ENI.MI) relating to three blocks in
shallow waters in Mexico.
The Russian energy company said that under the terms of the
agreement, Eni is assigned 40% of Block 12, with Lukoil retaining a
60% stake and remaining as project operator.
Eni--in turn--assigned 20% of blocks 10 and 14 to Lukoil, while
staying operator for those projects.
The deal is subject to approval by Mexico's National
Hydrocarbons Commission, Lukoil said.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
November 06, 2018 06:28 ET (11:28 GMT)
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