Mexican conglomerate Grupo Carso, led by billionaire Carlos Slim, has announced its intention to acquire full ownership of the Ichalkil and Pokoch offshore oil fields by purchasing Lukoil’s subsidiary, Fieldwood Mexico, for $270 million. In addition to the acquisition cost, Grupo Carso will also assume $330 million in outstanding debt owed by Fieldwood to Lukoil.
This strategic move marks a significant step for Grupo Carso, which has been diversifying its investments in the energy sector over recent years. Carlos Slim, known for his vast business empire that includes telecommunications, banking, insurance, retail, and hospitality, has been actively expanding into the energy market, forming partnerships with the state-owned oil company Pemex.
Grupo Carso previously made headlines in 2024 when it acquired a 50% stake in the Ichalkil and Pokoch fields, which span 58 square kilometers off the coast of Campeche, from Petrobal. This latest deal positions Grupo Carso to leverage its growing interests in oil production and solidifies its footprint in Mexico’s evolving energy landscape.
With this acquisition, Slim’s expansion into energy not only highlights the potential for growth in the sector but also reflects a continued commitment to investing in the region’s natural resources, which could lead to more job opportunities and economic development in the area.