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Eni acquires 124 onshore exploration licences in Alaska

BUSINESS
Eni acquires 124 onshore exploration licences in Alaska

Eni announces the acquisition of 124 exploration leases for some 350, 000 acres onshore in Alaska's Eastern North Slope from Caelus Alaska Exploration, the Italian oil and gas giant announced on Wednesday.

Eni will hold all the leases with a 100 percent working interest, the company said, without disclosing the value of the deal.

Under the purchase, Eni will undertake fast-track exploration and marketing of the potential new discoveries, the company stated.

The Eastern Exploration Area lies southeast of the giant Prudhoe Bay oil field, close to existing infrastructures and to the Trans-Alaska Pipeline System, some 20 miles from the town of Deadhorse.

Eni has already achieved a prime position in the North Slope of Alaska and the new acquisition will further strengthen its presence in one of most promising oil-prone areas in the US, the company stated.

"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 said.

Eni is present in 21 oil and gas fields (11 operated) In the US with a net daily production of around 60,000 barrel of oil equivalent per day (boed). It holds 109 leases in the Gulf of Mexico and in Alaska and has a non-operated participation in the (shale gas) Alliance field, near Fort Worth, Texas.

Eni is the operator with 100 percent of the Nikaitchuq field in Alaska and has a 30 percent participation in Oooguruk field, with a total net production of some 20,000 boed, the company stated.

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