Deal Insight
Eni sells 100% of the Nikaitchuq and Oooguruk assets to Hilcorp
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 27 June 2024, Eni announced an asset sale to Hilcorp for its two 100%-owned Alaska assets: Nikaitchuq and Oooguruk. Closure is subject to regulatory approvals. Eni stated that the deal consideration will be disclosed upon closing. We provide our valuation of the fields, how Eni acquired 100% stakes and some of the risks and upsides. The deal means there is one less operating company active in Alaska. Hilcorp's production in the state will now exceed 150,000 boe/d, a remarkable growth trajectory from first entering the Cook Inlet in 2011. Subsequent deals with Marathon, ExxonMobil and BP have been transformative for both the company and the state's oil sector.
Table of contents
- Nikaitchuq
- Oooguruk
- Upsides
- Risks
- Hilcorp
- Eni
Tables and charts
This report includes the following images and tables:
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Reserves & ProductionMap of Eni and Hilcorp North Slope producing assetsWood Mackenzie Valuation (Upstream Assets) - NPV and Implied Long-term Oil Price
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Reserves and production valuation metricsAlaska top 2024 working interest producers before and after dealBase case Oil & Gas Price Modelling AssumptionsMarket Oil & Gas Prices
What's included
This report contains:
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