Eni completes $1 billion sale of Alaskan oil assets to Hilcorp

Italian energy giant Eni has finalized the sale of its 100% stake in the Nikaitchuq and Oooguruk oil fields in Alaska to American private company Hilcorp for $1 billion. The transaction aligns with Eni's strategy to optimize its oil production activities by rebalancing its portfolio and divesting non-strategic assets.

The Oooguruk field, located in the Beaufort Sea approximately 5 km off the coast of North Slope, commenced production in 2008 and currently yields about 10,000 barrels per day. The Nikaitchuq field, situated roughly 13 km northeast of Oooguruk, has been producing since 2011 with a daily output of 18,000 barrels.

Hilcorp, founded in 1989, is the largest owner of the Trans-Alaska Pipeline System.