Italian Oil Major Eni Sells Alaska Assets To Hilcorp

Italian oil major Eni SpA told the media today that it decided to sell two high quality upstream assets in Alaska. According to a press release on its website, the company signed a binding agreement with Hilcorp, a large US privately owned firm with extensive experience operating in Alaska to sell the Nikaitchuq and Oooguruk assets in which it has a 100% stake. While the value of the deal isn’t exactly known as of today, according to Reuters, financial analysts estimate the deal value to be somewhere between $428 million and $855 million…