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Vol. 20, No. 5 Week of February 01, 2015
Providing coverage of Alaska and northern Canada's oil and gas industry


Nikaitchuq primed for royalty reduction

Falling oil prices likely to trigger a reduction in royalty rate on three leases at Eni US Operating’s offshore North Slope unit

Eric Lidji

For Petroleum News

If oil prices remain at their current levels over the coming weeks, they will trigger a reduction in the royalty rate at the youngest producing oil field on the North Slope. Should the average monthly price of Alaska North Slope crude oil fall below $48 per barrel, the royalty rate at the Nikaitchuq....


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