Eni announces that it has achieved the closing for the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of 1 billion USD.
The transaction, which received the approval of all relevant authorities, is in line with Eni’s strategy focused on the rationalization of the upstream activities by rebalancing its portfolio and divesting non-strategic assets.

Within Eni’s financial structure, supportingthe Company’s distinctive growth-oriented strategy, Eniiscommittedtodeliveringanet€8billionofnetportfolioinflowoverthe2024-27Planandconsidering completeddealsandactionsinprogressEninowexpectstosubstantiallyachievethetargetby2025, inless thantwoyears.Proceedsareanticipatedtocome fromthreemainsources:high-gradingthe Upstream portfolio, diluting down high equity ownership exploration discoveries, and accessing new pools of capital via Eni’s satellite strategy to support the growth of its transition businesses while confirming progress in value creation.

Eni will continue to be present in the USA in the upstream of Gulf of Mexico as well as in energy transition projects in the renewables, biofuels and magnetic fusion.