LUKOIL International Upstream West Inc.
LUKOIL International Upstream West Inc.

Mexico

In July 2015, LUKOIL entered into a project to develop the Amatitlán Block in Mexico.

 

Lumex Holding B.V., a joint venture of PJSC LUKOIL’s subsidiary LUKOIL Europe Holdings, B.V. and Marak Capital S.A. ("Marak") acquired Petrolera de Amatitlan S.A.P.I. from GPA Energy S.A. de C.V. (GPA Energy) in July 2015.  Each entity acquired a 50% interest and entered into a service contract according to the terms of a Hydrocarbons Exploration and Production Services Agreement (CIEP) with Pemex-Exploración y Producción to develop the 230 km2 (56,800 acres) Amatitlán block located 68 km from the city of Poza Rica, Veracruz, Mexico.