Slim’s Carso Buys Stake in Mexican Oil Field From TotalEnergies
(Bloomberg) -- Carlos Slim’s Grupo Carso SAB agreed to buy a stake in a Gulf of Mexico offshore field from France’s TotalEnergies SE, the latest move by Latin America’s richest person to expand his portfolio of Mexican oil and gas assets.
Carso, through a subsidiary, will purchase TotalEnergies’ 30% stake in the EP Mexico Block 30, according to a securities filing on Thursday. UK driller Harbour Energy Plc will control and operate the remaining 70% of the block, and the deal’s closing will be subject to government approvals, according to the filing.
The deal extends Slim’s holdings of the bits and pieces of Mexico’s oil and gas sector that aren’t under state control. While state driller Petroleos Mexicanos is seeking private partners to boost slumping crude output and shore up struggling finances, Slim said earlier this year his companies would steer clear of new joint ventures with Pemex.
In January, Carso purchased Fieldwood Mexico from Russia’s Lukoil, cementing its full ownership of two key Gulf fields. That followed a $2 billion contract with Pemex last year to drill more than 30 wells in the Ixachi oil and gas play, a project Slim says will roughly double crude production from that field to around 200,000 barrels a day within three years.
Carso’s other deals in recent years, including purchases of stakes in Talos Energy Inc. and US-based refiner PBF Energy Inc., have positioned the company as Pemex’s single largest private partner.
Slim said earlier this month Mexico’s total oil and gas output could reach as much as 2.5 million barrels a day with private sector help. Pemex produced 1.65 million barrels of crude and condensates per day as of the end of April.
Slim, 86, is Latin America’s richest person with a fortune of about $130 billion, according to the Bloomberg Billionaires Index, largely through telecommunications giant America Movil SAB.
©2026 Bloomberg L.P.
