Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 18.11.2019  
C(2019 ) 8385 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9579  – ENI / HITECVISION / NORWEGIAN UPSTREAM 
ASSETS OF EXXONMOBIL  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 24 October  2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertakings Eni International BV ("Eni BV",  The Netherlands ), belonging to the E ni 
Group (“Eni” , Italy) and HitecVision Advisory AS (" HitecVisi on", Norway)  acquire  
indirectly, through their joint venture company Vår Energi AS, within the meaning of 
Article 3(1)(b) of the Merger Regulation  joint control of the whole of  ExxonMobil ’s 
(the United States) oil and gas upstream business in the Norwegian Continental Shelf  
(“the Target Business”) by way of purchase of shares  and assets .3 
2. The business activities of the undertakings concerned are:  
 Eni is a global oil and gas group, active within exploration, pro duction, refining 
and selling operations, electricity and chemistry ,  
 HitecVision is a Norwegian provider of institutional capital to the North Sea 
region's energy industry with focus on investments in enterprises within the 
offshore upstream oil and gas i ndustry, including the oilfield services and 
technology sector ,  
 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 371, 4.11.2019 , p. 16. 

2  The Target Business consists of ExxonMobil ’s upstream Norwegian activities of 
exploration and production of crude oil, natural gas, and NGLs and their sale, 
including ExxonMobil ’s production  licenses, ownership interests, onshore 
processing facilities, pipeline interests and supply agreements with third parties, 
as well as the management and employees involved in these activities.    
3. After examination of the notification, the European Commissi on has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Cecilio MADERO VILLAREJO  
Acting Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .