Eni has completed the sale of its Nikaitchuq and Oooguruk assets in Alaska to Hilcorp Energy for a total of $1 billion . This strategic transaction reinforces Eni’s decision to rationalize its portfolio, focusing on key assets and on its revenue plan for the period 2024-2027.
The purpose of the sale of upstream assets
The sale of these upstream assets in Alaska is aligned with Eni’s strategy to optimise its resource portfolio. This approach aims to maximise revenues through the divestment of non-strategic assets, supporting the company’s goal of reaching a net inflow of €8 billion by 2025 .
Although Eni is exiting its upstream operations in Alaska, the company maintains an active presence in the United States, particularly in the Gulf of Mexico and in renewable energy and biofuel projects. This transaction will allow Eni to strengthen its investments in emerging clean energy sectors, in line with its commitment to the energy transition .
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Source: Eni
Photo: shutterstock
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