Eni and its partner Lukoil have been awarded rights to Block 28, located in the medium-deep waters of the Cuenca Salina Basin, offshore Mexico. This allows Eni to build up and consolidate a new core area with significant operational synergies in the Country.

Eni will be the Operator of the license with a 75% stake in the joint venture, while Lukoil has the remaining 25%. This new award comes as the outcome of the first international competitive bid round called under “Ronda 3” by the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos, CNH) which offered blocks located in water depths between 20 and 500m. The contract award is subject to approval from the authorities.

In the Cuenca Salina Basin Eni holds a 100% stake in Area 1, where it has discovered approximately 2 billion barrels of hydrocarbon in place and has already submitted to the approval of the local authorities the Development Plan (PoD) to exploit the discovered resources. Eni also is Operator of four other exploration and production blocks in the Cuenca Salina Basin: Block 7 (Eni 45%), Block 10 (Eni 100%), Block 14 (Eni 60%), and Block 24 (Eni 65%).

Eni has been present in Mexico since 2006 and established its wholly owned subsidiary Eni Mexico S. de R.L. de C.V. in 2015.

About ENI

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

About LUKOIL

PJSC “LUKOIL” is one of the largest publicly traded, vertically integrated oil and gas companies in the world in terms of proved hydrocarbon reserves and production; and the second largest producer of crude oil in Russia. Established in 1991, the Company currently operates in more than 30 countries with core upstream assets located in Russia. The full production cycle includes oil and gas exploration, production and refining; production of petrochemicals and lubricants; power generation; marketing and distribution providing LUKOIL with maximum synergies from its activities. The Company’s shares are listed in Russia on Moscow Exchange under the ticker “LKOH” and depositary receipts are listed on the London Stock Exchange under the ticker “LKOD”.