Lukoil's joint proposal in a consortium with the Italian ENI finished second in a tender for Area 2, losing to the consortium of the German DEA and the Mexican Pemex.
Earlier, it was reported that Rosneft's subsidiary RN-Shelf South passed a prequalification selection in a major oil tender in Mexico, but it did not submit proposals for participation. The reasons for Rosneft's refusal to participate in the tender are not yet disclosed.
Lukoil has previously participated in similar tenders in Mexico, but without any success.
According to the Mexican side, preliminary estimated prospective reserves of the blocks put up for tender amount to 1.6 billion barrels of oil equivalent.