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Russia's Lukoil intends to take part in new oilfield development tenders in Mexico — CEO

Lukoil expects to participate in Mexico’s offshore projects in the Gulf of Mexico

© TASS/EPA/SHERWIN

OMSK, July 20. /TASS/. Russian oil major Lukoil intends to take part in new tenders on oilfields development in Mexico, Chief Executive Officer of Lukoil Vagit Alekperov said on Monday.

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"We will take part further on. We are holding negotiations with the government of Mexico because our specialists considered the first projects offered the least promising," Alekperov said.

Alekperov expressed hope the second and the third tours of tenders to be held will be more interesting. "The company will proactively bid for those projects it will regard as the efficient," Lukoil’s chief executive said.

TASS reported earlier Lukoil will take part in tenders for offshore fields’ developments in the Mexico’s Bay of Campeche. Fourteen blocks in shallow waters will be put to tenders. Tenders will be held from February to October 2015.

Lukoil expects to participate in Mexico’s offshore projects in the Gulf of Mexico, Alekperov said in January 2015. The company signed an agreement on cooperation with Mexico’s state-owned oil and gas company Pemex at the same time.

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Oil & Gas Lukoil Mexico

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