Eni and Repsol plan to sell part of their equity in the Perla gas field in Venezuela.

Market sources indicate that Italian energy company Eni Group and Spanish energy company Repsol are planning to sell part of their stake in the Perla gas field off the coast of Venezuela. It is understood that this gas field is located in the offshore waters of Venezuela and has substantial oil and gas reserves. The move by these two companies to divest part of their stake is likely aimed at optimizing global asset allocation and adjusting their regional business layouts. Further information regarding the progress of the related transactions and the identity of the buyers is yet to be officially disclosed.