Forest strikes oil at Redoubt test well

Forest Oil Corp. announced Feb. 20 successful logging and testing of Redoubt Unit No. 1, its first exploration well in the Redoubt Prospect in Alaska’s Cook Inlet.

The well, drilled to a depth of 15,323 feet, contained an oil-producing zone known as "net pay" of about 450 feet. It tested at a stabilized flow rate of 1,010 barrels of oil per day from the Hemlock formation. Using pressure data gathered during the flow test, the production rate for the well is estimated to be 2,500 b/d using artificial lift, Forest Oil officials said.

Gus Zepernick, Forest Oil’s president and chief operating officer, said the find is an exciting development for the company and the state of Alaska, and hopefully, "the first of many new investment projects for Forest Oil in Alaska."

Gary Carlson, Alaska manager for Forest Oil, said the oil flowing from Redoubt No. 1 appears to be similar in quality to the 27-28 API gravity crude that the company now produces in its West MacArthur Field on the western side of Cook Inlet.

11/12/2016 - 11:02pm