OceanHub > Feed > Acquires exploration area onshore Alaska
ENI ITALY
11 months ago

Acquires exploration area onshore Alaska

Eni announces the acquisition of 124 exploration leases of approximately 350,000 acres onshore in the Eastern North Slope of Alaska from Caelus Alaska Exploration Company, LLC. Eni will hold all the leases with a 100% working interest.

The “Eastern Exploration Area” (EEA) is located to the South-East of the giant Prudhoe Bay oil field, close to existing infrastructures and to the Trans-Alaska Pipeline System (TAPS) and is approximately 20 miles to the South-East of the town of Deadhorse.

The EEA is considered a prime area with high potential and multiple proven plays, between two of the largest hydrocarbon discoveries in North America (Prudhoe Bay and Point Thompson). Eni will apply its business model and experience through a fast-track exploration with a short time to market of the potential new discoveries, aimed at generating long-term value for all stakeholders and shareholders. Eni has already achieved a prime position in the North Slope of Alaska and this new acquisition will further strengthen its presence in one of most prospective oil-prone areas in the US.

In the United States, Eni is present in 21 oil and gas fields (11 operated) with a net daily production of approx. 60,000 barrel of oil equivalent per day (boed). In the Gulf of Mexico and in Alaska Eni holds 109 leases, and has a non-operated participation in the Alliance field (shale gas, near Fort Worth - Texas). In Alaska, Eni is the operator with 100% of the Nikaitchuq field and has a 30% participation in the Oooguruk field, with a total net production of approx. 20,000 boed.

Thread

Not a member yet? To access you will need to login or signup

OceanHub is the Ocean Space knowledge community, where you can:

  • Increase your ocean knowledge, influence and network
  • Connect with ocean users, groups, brands and much more
  • Have a profile, newsfeed and access to read and post articles
To read articles you will need to
signup or login.
It's totally free!
By signing up, you agree to our terms of service and privacy policy