Lukoil sees Mexico as a strategic region for international upstream development Project contains two oil fields with reserves estimated at 564 million boe Lukoil already involved in blocks 10, 12, 14, 28, and Amatitlan Russia’s second-largest crude producer Lukoil said July 5 that it has signed an agreement to acquire a 50% operator stake in the 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. “The new project, where we will be the operator, is notable due to its considerable explored reserves and significant production potential. It naturally complements our existing portfolio of projects in the Gulf of Mexico,” Lukoil CEO Vagit Alekperov said, according to a company […]