RE: Bill Armstrong - Horseshoe21 Feb 2019 18:07
But Alaska’s output is slated to rise in light of recent discoveries.
In mid-January 2017, ConocoPhillips indicated that a new 300 MMbo discovery (‘Willow’) has been made in the federal National Petroleum Reserve-Alaska (NPR-A), with oil encountered in both the Tinmiaq 2 and Tinmiaq 6 exploration wells. The discovery was made in the Brookian Nanushuk Formation, the same formation in which Armstrong Energy and Repsol recently began developing a discovery in the Pikka Unit, estimated to be able to produce 120,000 bbls/d.
The Tinmiaq 2 well sustained a 12-hour test rate of 3,200 bo/d. Consequently, ConocoPhillips expects the recoverable potential of the resource to be over 300 MMbo. Appraisal work began in January 2017, along with acquisition of a 3D seismic survey.