Energy for Alaska

Acquisition and development of the Kitchen Lights Unit

1999

Escopeta Oil Co., LLC, the legal predecessor of Furie Operating Alaska, LLC, acquires its first oil and gas leases (mineral extraction rights) in a bid held by the State of Alaska for acreage in the Cook Inlet. These leases later become part of the Kitchen Lights Unit.

2001 - 2009

Escopeta Oil Co. LLC acquires additional oil and gas leases (including leases from other independent oil and gas companies).

2007

The State of Alaska authorises Escopeta Oil Co. LLC to consolidate all oil and gas leases, forming the Kitchen Unit exploration production area.

2009

Escopeta Oil Co. LLC is granted approval to expand the Kitchen Unit, incorporating two other exploration units, to become the Kitchen Lights Unit, now the largest exploration and production area in the Cook Inlet, encompassing 337 km2.

2010

Cornucopia Oil & Gas Company, LLC (formerly Escopeta Oil of Alaska, LLC) acquires the majority of the oil and gas lease interests in the Kitchen Lights Unit.

 

Formation of the Deutsche Oel & Gas Group

2011

Cornucopia Oil & Gas Company, LLC acquires Escopeta Oil Co. LLC (subsequently renamed Furie Operating Alaska, LLC).

December: Formation of Deutsche Oel & Gas AG as the management holding company of Cornucopia Oil & Gas Company, LLC and Furie Operating Alaska, LLC, and integration of the companies into the Group.

2012

Deutsche Oel & Gas AG acquires the shares of Cornucopia Oil & Gas Company, LLC.

2014

Deutsche Oel & Gas S.A., Luxembourg, is founded as an additional management holding company and acquires all the shares of Deutsche Oel & Gas AG by a contribution-in-kind.

The Deutsche Oel & Gas Group enters into a major financing agreement for USD 160 million (increased to USD 200 million in March 2015).

 

Start of natural gas production

2015

Natural gas production in the Kitchen Lights Unit commences in November 2015.
Gas supply agreements signed with Homer Electric Association, Aurora Gas, LLC and ConocoPhillips Alaska.

2016

Gas supply agreement signed with ENSTAR Natural Gas Company.

Introduction of the new, more powerful Randolph Yost jack-up drilling platform for further development of the Kitchen Lights Unit.

2017

Gas supply agreement signed with Chugach Electric Association.

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