Eni agrees to acquire 70% Oooguruk stake

Jan. 7, 2019
Eni SPA says its prospective acquisition of a 70% interest in Oooguruk oil field in the Beaufort Sea offshore Alaska will complement work at nearby Nikaitchuq oil field. It has agreed to acquire the interest from Caelus Natural Resources Alaska LLC and become operator. It now holds 30%.

Eni SPA says its prospective acquisition of a 70% interest in Oooguruk oil field in the Beaufort Sea offshore Alaska will complement work at nearby Nikaitchuq oil field.

It has agreed to acquire the interest from Caelus Natural Resources Alaska LLC and become operator. It now holds 30%.

Oooguruk produces about 10,000 b/d of oil from 25 wells on a gravel island in 1½ m of water 5 km off the North Slope. The field also has 15 gas and water injector wells.

Eni has a 100% working interest in Nikaitchuq oil field, in 3 m of water about 13 km northeast of Oooguruk field. Nikaitchuq produces 18,000 b/d of oil. Its development includes wells drilled directionally from onshore and from an artificial island.

Citing “important operational synergies and optimizations between Oooguruk and Nikaitchuq,” Eni said it plans to drill more production wells in both fields.