OREANDA-NEWS  Mexican Grupo Carso, which is controlled by the country's richest businessman Carlos Slim, has agreed to purchase local assets of Lukoil, which has fallen under sanctions restrictions, follows from the group's notification sent to the Mexican Stock Exchange.

"Grupo Carso, through its subsidiary Zamajal, has signed a binding agreement with Lukoil International Upstream Holding and Lukoil International Holding to acquire 100% of the capital of Fieldwood Mexico," the company said in a statement.

Fieldwood Mexico reportedly directly and indirectly owns the operating structures of Fieldwood Energy de Mexico and Fieldwood Energy E&P Mexico. These companies are the operator and owner of a 50% stake in the Ichalkil and Pokoch oil and gas fields offshore Campeche in the Gulf of Mexico. The second 50% is already controlled by Grupo Carso through its subsidiary Zamajal after the 2024 deal.

The deal amounts to $270 million per share, and Grupo Carso undertakes to repay Fieldwood Mexico's debt to Lukoil in the amount of $330 million. The final parameters of the transaction are "subject to adjustment at the time of closing."
Completion of the transaction is subject to a number of conditions, including obtaining permits from Mexican regulators, as well as separate and special approval from the U.S. Office of Foreign Assets Control (OFAC).