Gulf Oil and Gas accountACCOUNT

Eni in Process of Reducing Stakes in Mexico & Indonesia Fields

Source: Reuters 5/31/2018, Location: Asia

Share |
Italy’s oil and gas major Eni is in the process of reducing its stakes in its oilfields in Mexico and Indonesia, Chief Financial Officer Massimo Mondazzi said.

“We define our strategy as “dual exploration”: we normally start with a very high stake in a field and then reduce it through an ongoing process. “ Mondazzi said, speaking on the sidelines of a conference.

He added that the group has done it in the past with its Mozambique and Egypt oilfields “and will continue to do so in the future”.

Acquisitions and Divestitures News in Indonesia >>

Croatia (Hrvatska) >>  6/20/2018 - Eni and INA-INDUSTRIJA NAFTE, d.d. have signed an agreement to enable INA-INDUSTRIJA NAFTE, d.d. to acquire 100% of Eni Croatia b.v., that currently p...
Egypt >>  6/20/2018 - Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shor...

Norway >>  6/19/2018 - The Norwegian Petroleum Directorate has granted Norske Shell a drilling permit for wildcat well 6304/3-1 in production licence PL 832. Well 6304/3-1 w...
Brazil >>  6/18/2018 - Petrobras, further to the Material Fact of 04/03/2018 and Press Release of 05/23/2018, informs the beginning of the non-binding phase related to the s...

Brazil >>  6/18/2018 - Petrobras, further to the material fact of 04/03/2018 and press release of 05/23/2018, announces the beginning of the non-binding phase related to the...
Norway >>  6/18/2018 - Aker BP has been offered interests in six new production licenses in Norway, of which two as operator, in the 24th licensing round. All the new licens...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

Oil & Gas Projects in Indonesia >>

More News

 

Oil & Gas Companies in Indonesia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.