Eni announces sale of Nigerian subsidiary AENR to APEX
Italy, Oct. 26 -- Eni announces that it has completed the sale of its subsidiary Agip Energy and Natural Resources (Nigeria) Limited ("AENR") to Apex Global Energy Limited ("APEX"), a company wholly owned by Sterling Oil Exploration and Energy Production Company Ltd ("Sterling"), one of Nigeria's leading operators in the onshore sector.AENR, a wholly owned subsidiary of Eni, is engaged in onshore and shallow water hydrocarbon exploration and production in Nigeria, holding a 5% share in the Renaissance JV (Renaissance 30%, operator; TotalEnergies 10%; and Nigerian National Petroleum Company Limited "NNPC" 55%).The transaction, which has received approval from all relevant authorities, is in line with Eni's strategy to optimize its upstream a...
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