Ithaca Energy in Exclusive Talks to Buy Eni’s UK Upstream Assets ...Middle East

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Ithaca Energy in Exclusive Talks to Buy Eni’s UK Upstream Assets
source : OILPRICE ( Middle East ) () 53
North Sea oil and gas producer Ithaca Energy has entered into an exclusivity agreement to discuss buying all of the UK upstream business of Italy’s energy major Eni. A deal, if it takes place, will be for substantially all of Eni’s oil and gas assets in the UK, including the Neptune Energy assets which the Italian major has recently acquired. But a transaction will not include certain carbon capture projects and Irish Sea assets held by Eni, Ithaca Energy said on Wednesday. Pursuant to the exclusivity agreement, Eni has…

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