Discuss your challenges with our solutions experts

For details on how your data is used and stored, see our Privacy Notice.

Lukoil takes Petronas’ Shah Deniz stake in US$2.25bn deal

What does it mean for the Russian operator's Caspian Sea growth strategy?

1 minute read

Kevin Swann

Senior Research Analyst, Upstream

Kevin is an expert in UK upstream research and has extensive experience working across the sector.

Latest articles by Kevin

View Kevin Swann's full profile

Lukoil recently announced the US$2.25 billion acquisition of Petronas' 15.5% stake in the giant BP-operated Shah Deniz gas-condensate field, offshore Azerbaijan. It's the largest M&A deal in the Caspian region since 2015.

What's the background of the deal? What are the implications for Lukoil's growth strategy in the region? And what could be next for the Russian operator? Using  our Lens platformwe've drilled into the details.


Get closer to the detail

Our detailed Insight evaluating the impact and implications of this major transaction is available on our store

Already a Wood Mackenzie customer? Read it on our customer portal

To find out more about how Lens Upstream can take your upstream strategy to the next level, contact us via the form at the top of the page.