Eni will merge UK E&P assets with Ithaca Energy to create $2.4 billion company

Combined entity will produce up to 110,000 boepd from the UK waters

Consolidation: Eni chief executive Claudio Descalzi — Consolidation: Eni chief executive Claudio DescalziPhoto: AFP/SCANPIX

Rio de Janeiro/London

Eni Ithaca Energy UK Europe Western Europe

Published 23 April 2024, 18:01Updated 24 April 2024, 13:14