The Deutsche Oel & Gas Group, an oil and gas producer operating in Alaska, has concluded an important finance agreement for its Kitchen Lights Unit natural gas and crude oil development region via its U.S. subsidiary Furie Operating Alaska.
Energy Capital Partners Mezzanine Opportunities Fund will provide the company with USD160 million to finance the development of the infrastructure necessary for the production of natural gas and crude oil. Energy Capital Partners focuses on investments in energy infrastructure in North America. The company has raised and successfully invested more than USD13 billion in the energy sector since 2005.
The infrastructure in the Kitchen Lights Unit is increasingly taking shape. The team of experts on site is already working on laying the connecting pipelines and on the construction of the pro-cessing plant. In addition, the company’s first own production platform arrived in the Cook Inlet a short time ago. Completion of the entire infrastructure and the start of natural gas production are scheduled for 2015.