Lukoil, a Russian multinational energy company, completed the acquisition of a 50% stake in the Area 4 project in Mexican shallow waters from Fieldwood Energy and Riverstone, a private markets asset management firm dedicated to real assets investing primarily in energy, power and infrastructure, for $435m. "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," Vagit Alekperov, Lukoil President.