(Reuters) -Oil and gas producers Santos and Repsol are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the matter. The oilfields include the Pikka project, which is one of the largest oil prospects in Alaska and has been valued at about $4.5 billion by consultancy firm Rystad Energy. The companies are working with an investment bank to jointly sell minority stakes in Pikka, alongside partial interests in the Horseshoe and Quokka fields that are located in the North Slope region of Alaska, the sources said, requesting anonymity as the discussions are confidential.
MADRID (Reuters) -Spain's Repsol is working on a deal to sell a minority stake in a renewable portfolio in the United States as it aims to expand its footprint in a country it sees as a key market. The move is in line with the energy firm's strategy to fund its diversification into renewables from its traditional oil and gas core business by selling minority stakes in renewable projects. "We are working on closing our first renewable asset rotation in this country," Chief Executive Josu Jon Imaz told analysts in a call on Thursday to present the first-quarter results.
Repsol (REPYY) invests 250 million euros for the construction of a new plant in Cartagena, Spain, dedicated to the production of 100% renewable fuels.