Renaissance’s partnership With Lukoil In Mexico To Develop Amatitlán Oil Block


Akin Gump Strauss Hauer & Feld, González Calvillo, Park Energy Law, Cassels Brock & Blackwell and Bello, Gallardo, Bonequi y García have advised on the transaction

Renaissance Oil Corp. PJSC LUKOIL and Marak Capital S.A, have announced their partner for the Integrated Exploration and Production Contract for the 230 km2 (56,800 acres) Amatitlán block, near Poza Rica, Veracruz, Mexico. Renaissance acquires 25% indirect interest in Amatitlán contract for US$1,750,000

Renaissance will take the lead role in operations. Amatitlan holds 4.2 billion barrels of oil and 3.33 trillion cubic feet of natural gas originally in place in shallower Chicontepec formation1 Deeper oil-rich Upper Jurassic shales are highly prospective for development

The Amatitlán block is located within the Tertiary aged Chicontepec paleochannel formation, in East Central Mexico. The Chicontepec formation, referred to as Aceite Terciario del Golfo in Mexico, covers approximately 3,800 km2 and contains the country’s largest hydrocarbon resource, with certified original oil in place estimated at 59 billion barrels of oil equivalent

Akin Gump Strauss Hauer & Feld has advised Lukoil with Natalia Baratiants (Picture), Vladimir Kouznetsov, Alexander Trukhtanov and Eduardo Canales.

González Calvillo has advised Marak Capital, S.A. de C.V. with Jerónimo Ramos Arozarena.

Park Energy Law has advised Renaissance Oil Corp with Mark Gerlitz.

Cassels Brock & Blackwell has advised Renaissance Oil Corp with Jennifer Traub.

Bello, Gallardo, Bonequi y García has advised Renaissance Oil Corp with Noé Pascacio Montijo.

Involved fees earner: Noé Pascacio Montijo – Bello, Gallardo, Bonequi y García; Mark Gerlitz – Park Energy Law; Jerónimo Ramos Arozarena – Gonzalez Calvillo Abogados; Jennifer Traub – Cassels Brock & Blackwell LLP; Natalia Baratiants – Akin Gump; Vladimir Kouznetsov – Akin Gump; Alexander Trukhtanov – Akin Gump; Eduardo Canales – Akin Gump;

Law Firms: Bello, Gallardo, Bonequi y García; Park Energy Law; Gonzalez Calvillo Abogados; Cassels Brock & Blackwell LLP; Akin Gump;

Clients: Lukoil; Marak Capital, S.A. de C.V.; Renaissance Oil Corp.;