Commodities

Eni acquires 70%, operatorship of Alaska’s Oooguruk oil field – ENI S.p.A. (NYSE:E)

Eni (NYSE:E) agrees to acquire the 70% stake in the Oooguruk oil field in Alaska it does not already own from U.S.-based project partner Caelus Energy for an undisclosed sum.

Eni says the deal, which also will make it the operator of the field, will give it an additional 7K bbl/day of production and provide operational synergies to further develop the site alongside its nearby Nikaitchuq field.

Eni currently produces 20K boe/day in Alaska from its 100% stake in the Nikaitchuq field and its 30% participation in the Oooguruk field.

Source

neallesh@yahoo.co.uk

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