Two closely-watched Cook Inlet exploration wells being drilled with jack-up rigs are reported to have reached or are approaching their target depths.
Repsol’s winter exploration program on the North Slope was a stunning success: oil was found in all three test wells.
Doyon Ltd. will be back drilling in the Nenana Basin west of Fairbanks in July.
Brooks Range Petroleum is pushing ahead with its plan to have the small Mustang discovery in production in the third quarter of 2014, and is already at work on possible new developments in the area, company Chief Operating Officer Bart Armfield says.
A new ocean management plan is in the works, but the exact implications for Alaska’s oceans are still unknown.