Overview
- Through its subsidiary Zamajal, Grupo Carso signed a binding agreement with Lukoil entities to acquire 100% of Fieldwood México for $270 million and assume roughly $330 million in debt.
- The transaction remains subject to approvals from Mexico’s antitrust authority and Energy Ministry, along with a specific U.S. Treasury OFAC sign-off before it can close.
- Carso already bought Petrobal’s 50% stake in June 2024, so acquiring Fieldwood México would consolidate 100% ownership and operator control of the Ichalkil & Pokoch block.
- Fieldwood México operates Área Contractual 4 in shallow waters off Campeche, which holds estimated 2P reserves of about 68 million barrels of oil and 92,000 million cubic feet of gas.
- Local financial press reports the consolidation makes Carso the most active private oil operator in Mexico after Pemex, with total financial exposure above $600 million subject to closing adjustments.