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/exploration/12122014/assessment-eni-options-company-stake-saipem-1998/
You might also like
Weatherford awarded Managed Pressure Drilling contract for Woodside Energy’s Trion deepwater development
The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.
