Eni Said to Weigh Sale of Nigeria Assets Amid Oil Price Drop

Eni SpA, Italy’s largest oil company, is considering selling part or all of its onshore Nigerian operations as it seeks to divest peripheral businesses amid a drop in oil prices, people familiar with the matter said.

Eni has asked advisers to look at options for the assets, which include interests in oil and natural-gas fields in the West African country, the people said, asking not to be identified as the information is private. Depending on what Eni decides to sell, the transaction may raise from $2 billion to $5 billion, the people said. It could also decide to keep the operations, they said.