The Greater Mooses Tooth #2 drill site in the National Petroleum Reserve-Alaska has achieved first oil production, according to ConocoPhillips Alaska.
The Alaska Division of Oil and Gas received six bids totaling $467,609 from two bidders at the Fall 2021 North Slope lease sale.
The revised development plan ultimately allows Oil Search to increase its overall production at a reduced cost.
“As we take a look at 2021, our focus is getting back to work for Alaska’s future,” says ConocoPhillips Alaska President Erec Isaacson.
The sale encompasses 100 percent of BP’s Alaska interests, which includes its midstream and upstream assets, BP Pipelines’ interest in the Trans Alaska Pipeline System, and a cluster of Arctic Slope Regional Corporation units located within the Arctic National Wildlife Refuge.
Ahtna Petrochemical Products, a subsidiary of Ahtna Netiye’, has acquired twenty-three acres of North Slope pad space to support operational and logistical needs of the oil and gas industry in Alaska.
Oil and gas exploration companies offered $7.8 million for the rights to search for oil on 154,610 acres of state land on Alaska’s North Slope and Beaufort Sea, according to results from the 2019 oil and gas lease sale conducted by the Division of Oil & Gas.
Baker Hughes, a GE company has successfully changed its name to Baker Hughes Company.
Fall is well underway, and with it signs that Alaska’s oil and gas industry is busy preparing for the 2019-2020 winter drilling season.
Five times each day, Lynden’s Bering Marine hovercraft team loads up an AP-188 hovercraft with sixty ENI Petroleum employees and safely transports them roundtrip from Prudhoe Bay to Spy Island, a drill site near Oliktok Point.