ConocoPhillips Alaska plans largest exploration season in 15 years
ConocoPhillips Alaska is planning its most ambitious exploration program in years, and the effort could provide more details about a newly promising North Slope play.
The company plans to drill five exploration wells in early 2018.
Three wells will help the company further analyze its large Willow prospect in the National Petroleum Reserve-Alaska, said Joe Marushack, president of ConocoPhillips Alaska, on Thursday night. That prospect could produce 100,000 barrels of oil daily, the company has said.
Two other wells will be drilled near the Colville River, not far from where Armstrong Oil and Gas has heralded a large discovery it says could produce 120,000 barrels daily.
Marushack said the plans, if completed, will represent the most exploration wells drilled per year by the company in 15 years.
Read more: https://www.adn.com/business-economy/energy/2017/10/13/conocophillips-plans-largest-exploration-season-in-15-years/
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