Eni has entered into an agreement with Caelus Natural Resources Alaska to acquire 70% and operatorship of the Oooguruk oil field off Alaska. Eni already owns the remaining 30% working interest. The agreement is subject to the approval of the authorities and to certain closing conditions. Located in the Beaufort Sea approximately 5 km off Alaska’s North Slope, the Oooguruk field has been in production since 2008. Current gross production is approximately 10,000 B/D of oil from 25 producing wells and 15 gas/water injector wells. The Oooguruk unit includes a six-acre gravel island in the nearshore waters of Harrison Bay and a subsea flowline bundle connecting with an onshore tie-in pad, which delivers production to the Kuparuk River Unit for processing and delivery.
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