Russian oil producer Lukoil said on Nov. 6 it had signed a deal with Italy's Eni on blocks 10, 12 and 14 in Mexican shallow waters.
Lukoil said it would assign a 40% stake in Block 12 to Eni while retaining 60% stake and remaining operator of project.
In turn, Eni will assign 20% stakes in blocks 10 and 14 to Lukoil but remain operator of both projects.
An official with the National Hydrocarbons Commission (CNH), the regulator that runs the auctions, said the joint venture auctions have not been canceled.
Chevron in July kicked off the sale of its central North Sea oil and gas fields Alba, Alder, Captain, Elgin/Franklin, Erskine and Jade as well as the Britannia platform and its satellites.
Egypt expects investments of at least $750 million to $800 million in the first stage of exploration in the 12 concessions, Petroleum Minister Tarek El Molla said during a press conference.