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Eni closes sale of Alaskan upstream assets for $1 billion

The sale boosts its €8 billion revenue target by 2025 and supports its transition to clean energy.
By on November 4, 2024
Eni cierra la venta de activos upstream
Table of Contents
  1. The purpose of the sale of upstream assets

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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Industrial engineer, entrepreneur and copywriter with several years of experience in the digital world. A fan of reading and creative writing. Isbel has always been fascinated by topics related to the ocean and the mysteries of the universe. She has been part of the Inspenet team as a news editor since 2023.

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