Mexican billionaire Carlos Slim announced a $270 million commitment to acquire the remaining stakes in offshore oil fields off Campeche. The deal completes his bid for full control of the assets, adding to a portfolio that already includes several deep‑water concessions. Investors see the move as a bet on rising production.

Mexico opened its offshore basins to private investors after 2013 energy reforms, prompting groups like Slim’s to enter a market long dominated by Pemex. His earlier purchases secured a 30% share in the same fields, and the new cash infusion aims to boost output as global oil prices recover, offering a hedge against his telecom‑heavy holdings.

Regulators must clear the transaction before Slim can assume full operational control, a step that could take months. Analysts will monitor first‑quarter production reports for signs of increased output, while rival investors watch for additional bids on nearby blocks. Success could cement Slim’s status as a major player in Mexico’s energy sector.