- Energy Capital Partners make maximum commitment for the first time
- Infrastructure for the Kitchen Lights Unit scheduled for completion in 2015
Luxembourg, 24 March 2015: Furie Operating Alaska LLC, a company of the Deutsche Oel & Gas Group, has received a commitment from Energy Capital Partners to invest a further USD 40 million. This will take its exposure to the Kitchen Lights Unit natural gas and crude oil production unit in Southern Alaska to a total of USD 200 million. Energy Capital Partners concentrate on investing in energy infrastructure in North America and are one of the leading investors in this field. The company has raised and successfully invested more than USD 13 billion in the US energy sector since 2005.
“Increasing their investment to a total of USD 200 million means that for the first time Energy Capital Partners are making their maximum commitment to a single project - a major vote of confidence in our Kitchen Lights Unit natural gas and crude oil production region,” said Kay Rieck, Chairman of the Board of Deutsche Oel and Gas S.A.
All funds will be used to build out the infrastructure needed to produce oil and gas in the Kitchen Lights Unit in Southern Alaska. Completion of the infrastructure and the subsequent start of gas production are scheduled for the end of 2015.