Eni has signed a binding agreement with US Hilcorp for the sale of 100% of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska.

This transaction, subject to regulatory approvals and customary terms and conditions, aligns with Eni’s strategy to rationalize its upstream activities by rebalancing its portfolio and divesting non-strategic assets.

Under its financial framework, Eni is poised to deliver a net inflow of €8 billion from its portfolio over the 2024-27 Plan period. This target is to be achieved through a three-pronged approach: high-grading its upstream portfolio to include only the most valuable and strategic assets, diluting its high equity ownership in exploration discoveries, and leveraging its satellite strategy to attract new capital to support the growth of its transition businesses while confirming progress in value creation.