By Alberto Delclaux 
 

Eni SpA (ENI.MI) said Wednesday that it is buying 124 exploration leases in Alaska from Caelus Alaska Exploration Company, covering a total of 350,000 acres.

The exploration area is located to the south-east of the Prudhoe Bay oil field and close to existing infrastructure and the Trans-Alaska Pipeline System, the Italian oil major said.

Eni will have a 100% working interest in all the leases, it said.

 

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

August 29, 2018 07:21 ET (11:21 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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