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Eni's development plan approved
Kay Cashman Petroleum News
On Aug. 22 Alaska's Division of Oil and Gas approved the 17th plan of development for the North Slope Nikaitchuq unit currently operated by Houston, TX-based Eni US Operating Co. Inc.
The 17th POD for the NU was approved for the period of Oct. 1 through Sept. 31, 2025.
On June 26, Eni announced they had entered into a purchase and sale agreement negotiation with Hilcorp.
In the 16th POD period Eni proposed to drill three new wells plus an additional lateral from an existing well. Specifically, two wells were to target the Shrader Bluff "N" sand interval for a long-term test, one producer supported by one injector. Well workovers were to be conducted on an as-needed basis.
Eni did not drill any new wells in the 16th POD period. However, seven workovers were completed to restore and maintain production. The wells that were planned to be drilled were deferred due to the high cost of the workovers
In addition to wellwork, during the 16th POD period Eni completed routine field-wide maintenance which included mechanical integrity inspections, replacement of oil water and gas piping and valves, cathodic protection inspections, and bathymetric surveys
17th POD commitments In the 17 POD Eni commits to drill three new wells and one lateral on the Spy Island Drillsite.
In addition to drilling activity, Eni will conduct all necessary maintenance and inspections, complete fabrication of the new Oliktok Point Pad control room and receive a stage gate review of the Electrical Power Sharing project to connect the NU and Oooguruk unit power.
Finally, Eni applied to expand the Schrader Bluff Participating Area.
If a sale of Eni's Alaska assets to Hilcorp is successful, then the work commitments are contingent upon approval by Hilcorp.
The division will allow Hilcorp time to review and evaluate projects to do its due diligence, and Hilcorp will be required to submit the 18th POD.
The 17th POD was signed by division Director Derek Nottingham.
--KAY CASHMAN
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