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    LKOH   RU0009024277

PJSC LUKOIL

(LKOH)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Lukoil to Buy 50% Stake in Mexican Oil Project for $435 Million

07/05/2021 | 02:56am EDT

By Jaime Llinares Taboada

Lukoil PJSC said Monday that it has entered into an agreement to acquire a 50% operated interest in the Area 4 oil project offshore Mexico for $435 million plus expenditures.

The Russian oil company said the project contains the Ichalkil and Pokoch fields, with recoverable reserves of 564 million oil-equivalent barrels, of which more than 80% is crude oil.

Construction of the facilities is being finalized and first oil production is scheduled for the third quarter of 2021. Peak production rate is estimated to be more than 115,000 oil-equivalent barrels a day.

PetroBal, a subsidiary of Mexican conglomerate GrupoBAL, owns the remaining 50% in Area 4.

"Lukoil considers Mexico a strategic region for the development of our international upstream operations. The new project, where we will be the operator, is notable due to its considerable explored reserves and significant production potential," President Vagit Alekperov said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

07-05-21 0255ET

Stocks mentioned in the article
ChangeLast1st jan.
PJSC LUKOIL -0.70% 6562.5 End-of-day quote.26.98%
WTI -1.69% 70.422 Delayed Quote.50.62%
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Analyst Recommendations on PJSC LUKOIL
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Financials (USD)
Sales 2021 113 B - -
Net income 2021 9 083 M - -
Net cash 2021 1 499 M - -
P/E ratio 2021 496x
Yield 2021 0,12%
Capitalization 4 282 B 58 322 M -
EV / Sales 2021 38,0x
EV / Sales 2022 37,8x
Nbr of Employees 101 374
Free-Float 55,3%
Chart PJSC LUKOIL
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PJSC Lukoil Technical Analysis Chart | LKOH | RU0009024277 | MarketScreener
Technical analysis trends PJSC LUKOIL
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 6 562,50 $
Average target price 101,14 $
Spread / Average Target -98,5%
EPS Revisions
Managers and Directors
Vagit Yusufovich Alekperov President, Chief Executive Officer & Director
Pavel Lukoil Zhdanov Vice President-Finance
Ravil Ulfatovich Maganov Chairman
Roger Llewelyn Munnings Independent Director
Lyubov Nikolayevna Khoba Director
Sector and Competitors
1st jan.Capi. (M$)
PJSC LUKOIL26.98%59 220
SAUDI ARABIAN OIL COMPANY0.00%1 865 871
ROYAL DUTCH SHELL PLC17.57%154 878
PETROCHINA COMPANY LIMITED53.75%142 742
TOTALENERGIES SE8.75%118 980
PUBLIC JOINT STOCK COMPANY GAZPROM53.43%108 961