Eni signs agreement to sell upstream assets in Alaska

The sale to Hilcorp will allow Eni to focus on key areas of its business while optimizing its portfolio.

Share on social networks

La venta de activos upstream a Hilcorp POR Eni

Eni has signed a binding agreement with Hilcorp, a U.S. company with extensive experience in Alaskan operations, to sell 100% of its Nikaitchuq and Oooguruk assets in Alaska.

Sale of upstream assets to Hilcorp

This agreement reflects Eni’s financial focus on strengthening its distinctive growth strategy. The company’s objective is to generate a net portfolio cash flow of 8 billion euros, within the framework of the 2024 Plan until 2027. This goal will be achieved through three main revenue streams: high valuation of the upstream portfolio, dilution of exploration discoveries with high equity participation and access to new equity funds through its satellite strategy.

In addition, Eni is focused on supporting the growth of its energy transition businesses and confirming progress in value creation. The sale to Hilcorp will allow Eni to focus on key areas of its business, while optimizing its portfolio to meet future challenges and take advantage of growth opportunities in emerging sectors.

In summary, the Hilcorp transaction will enable the implementation of Eni’s strategy, which seeks sustained growth and efficient management of its assets. By selling its Alaskan assets, Eni can redirect its resources to new projects that offer greater strategic and economic value.

Space X desorbitara la Estacion Espacial Internacional
La energia geotermica en
Avances y desarrollo en Robot Humanoide GR 1
La seguridad y colaboracion del robot humanoide Apollo de Apptronik
Empresa de reciclaje crea robot con IA para optimizar el proceso de reciclaje 1
Space X chosen by NASA to deorbit the International Space Station
Researchers find potential source of geothermal energy in Texas
Fourier moves forward with GR-1 Humanoid Robot and environmental sensing technology
Apollo humanoid robot under evaluation by Apptronik and GXO for use in warehouses and logistics
Company creates AI-powered robot to optimize recycling process
PlayPause
previous arrowprevious arrow
next arrownext arrow
 

Follow us on social networks and don’t miss any of our publications!

YouTube LinkedIn Facebook Instagram X

Source and photo: Eni

Share this news on your social networks

Rate this post
1 star2 stars3 stars4 stars5 stars (No rating yet)
loading spinnerLoading...