Eni sells upstream property in Alaska | EUROtoday

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Eni marks one other divestment alongside the trail indicated by the newest strategic plan. The group led by Claudio Descalzi introduced that it has signed a binding settlement with Hilcorp, one of many largest non-public American corporations working in Alaska, for the sale of 100% of the Nikaitchuq and Oooguruk property held in Alaska.

The technique indicated within the strategic plan

The operation, as talked about, is a part of the technique desired by the CEO to optimize upstream actions by way of a rebalancing of its portfolio and the disposal of non-strategic property. The route indicated by the group is to realize a web portfolio influx of 8 billion euros, front-end loaded, over the 2024-27 plan.

The three predominant tracks

To obtain the target, Eni has indicated three predominant paths to succeed in the 8 billion mark: the optimization of the upstream portfolio, the dilution of the excessive shareholding in exploration discoveries and entry to new capital basins by way of the corporate's satellite tv for pc technique (consider Plenitude or Enilive and, sooner or later, biochemistry and CCS) to assist the expansion of its transition-related companies, whereas confirming progress in worth creation.

Il closing

The closing of the transaction is topic to authorization from the competent native and regulatory authorities. The worth of the operation can be communicated upon completion of the sale.

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