Eni assesses Saipem stake
Published by Joseph Green,
Editor
Oilfield Technology,
Last July Eni introduced a new organisational structure with even greater focus on the oil and gas business. In this context, the shareholding in Saipem has been identified as no longer in line with the strategic objectives of the group.
Following this decision, Eni had started an assessment of a range of options for its stake in Saipem with the support of a financial advisor. Recently, market conditions have become increasingly volatile. This has led Eni to put on hold this assessment whilst still confirming the above strategy.
Adapted from press release by Joe Green
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/12122014/assessment-eni-options-company-stake-saipem-1998/
You might also like
Vietsovpetro welcomes first oil flow from Kinh Ngu Trang field - Kinh Ngu Trang Nam
Putting the mine into commercial exploitation on schedule contributes to maintaining and increasing production output, consolidating Vietsovpetro's core role in the value chain of oil and gas exploration and exploitation in Vietnam.
