Italian major Eni has sold off more of its position in Galp for €107 million ($145.5 million), this time unloading 1% of the Portuguese explorer's share capital.
The sale, which divested the remainder of shares subject to right of first refusal of Amorim Energy, was carried out in transactions from 5 May to 18 June and concluded on Monday.
The deal leaves Eni with 66.3 million shares or an 8% position.
Eni in March sold 58 million shares, representing 7% of the share capital in Galp, for €702.4 million.
The Italian company has for some time remained keen to slim down its position.
In March 2012 Eni struck a multi-step deal to reduce its then-33.34% stake with Amorim Energia and Caixa Geral de Depositos.
But Amorim passed on the chance to buy more shares in Eni's latest sales push.
Eni weathered a difficult year in 2013, posting a 33% drop in profits.
Full-year production also fell by 4.8% as the company was hit by significant force majeure problems in Libya and Nigeria and technical problems and planned downtime in the Gulf of Mexico and the North Sea.