---
title: "Key facts: Eni resumes Venezuela lifts; Nile gas; sells 5% Nigeria JV"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285143589.md"
description: "Eni has resumed crude oil lifts from Venezuela in April through PDVSA-Cardon IV, shipping its first cargo to offset receivables, with ~$3.3bn owed by PDVSA and €880m recoverable. Additionally, Eni's Nidoco N-2 well in the Nile Delta has discovered natural gas, estimated at ~50 MMcf/d, allowing for potential early production. Furthermore, Eni is selling its 5% stake in the Renaissance Nigeria joint venture, with bidders including local and international energy firms, while due diligence will evaluate reputational risks."
datetime: "2026-05-05T02:03:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285143589.md)
  - [en](https://longbridge.com/en/news/285143589.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285143589.md)
---

# Key facts: Eni resumes Venezuela lifts; Nile gas; sells 5% Nigeria JV

-   Eni resumed Venezuelan crude lifts in April as payment-in-kind via PDVSA-Cardon IV with Repsol, shipping first cargo to offset receivables. Eni reported ~$3.3bn owed by PDVSA; €880m recoverable.1
-   Eni's Nidoco N-2 well in West Abu Madi (Nile Delta) found natural gas, ~50 MMcf/d estimated. Proximity to existing pipes could allow quick tie-in and early production within weeks.2
-   Eni is selling its 5% stake in the Renaissance Nigeria JV; buyer and price undisclosed. Bidders include local and international energy firms; due diligence will assess reputational risks.3

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