Eni Completes Sale of Alaska Fields, a $1 billion deal. On Monday, November 4, the company led by Claudio Descalzi announced the completion of the agreement for the sale to Hilcorp of 100% of the assets of Nikaitchuq and Oooguruk held in Alaska for a value of 1 billion dollars.
The operation received approval by all authorities competent and, the Italian oil giant reports, is in line with Eni's strategy focused on optimizing upstream activities through a rebalancing of its portfolio and the disposal of non-strategic assets.
Eni's objectives
As part of Eni's financial structure to support its growth strategy, the note also recalls, the company has committed to achieving net revenues of portfolio of 8 billion euros over the course of the Plan 2024-27. “Considering the finalized operations and the ongoing actions, Eni now substantially plans to achieve the goal by 2025, in less than two years,” the company says.
The proceeds will come from three main sources: optimization of the Upstream portfolio, dilution of high equity stakes in exploration discoveries and access to new capital pools through the company's satellite strategy to support the growth of its transition-related businesses, while confirming progress in value creation, Eni explains.
The company, the note concludes, will continue to be present in the United States in upstream activities in the Gulf of Mexico and in projects related to the energy transition in the sectors of renewable energy, biofuels and magnetic fusion energy.
