Bloomberg reports that Eni SpA is considering a takeover of private equity-backed oil and gas explorer Neptune Energy

Eni is working with an adviser as it studies the feasibility of a deal, according to the people, who asked not to be identified discussing confidential information. Neptune, which is backed by Carlyle Group Inc. and CVC Capital Partners, could be valued at more than $5 billion in a takeover, they said.

Executive Chairman and founder Sam Laidlaw set up Neptune Energy with private equity investors in 2015 to invest in large oil and gas portfolios.

The acquisition of ENGIE E&P International (EPI) in February 2018 marked a new beginning for the Company. This transformative transaction made Neptune one of Europe’s largest international independent E&P companies. At the same time, China Investment Corporation (CIC) became the company's largest single shareholder.

Neptune is an international independent oil and gas exploration and production company, with a regional focus on the North Sea, North Africa and Asia Pacific.

Neptunes 1H production was 132.3 kboepd.

KeyFacts Energy: Neptune Energy UK country profile