Hilcorp Completes $1B Purchase of Eni’s North Slope Assets
Hilcorp takes over the Oooguruk and Nikaitchuq near-offshore units from Italian energy company Eni SpA in a deal valued at $1 billion.
Hilcorp takes over the Oooguruk and Nikaitchuq near-offshore units from Italian energy company Eni SpA in a deal valued at $1 billion.
Five times each day, Lynden’s Bering Marine hovercraft team loads up an AP-188 hovercraft with sixty ENI Petroleum employees and safely transports them roundtrip from Prudhoe Bay to Spy Island, a drill site near Oliktok Point.
After making a relatively low-key entry into Alaska’s oil scene, Italian company Eni is quietly making a splash in global energy circles, including the North Slope oil patch.
Alaska’s oil potential is global in scale, and international organizations engaged in exploration or development (or both) have been seizing opportunities they see in the Last Frontier.