Wednesday, July 6, 2011

Independent oil firm plans production west of Kuparuk

Anchorage Daily News
By ERIC LIDJI
Petroleum News

A joint venture led by Brooks Range Development Corp. plans to develop a North Slope discovery it made this winter with the aim of producing oil as soon as July 2014.

The local subsidiary of Kansas-based Alaska Venture Capital Group drilled the onshore North Tarn No. 1 well this past winter two miles west of the Kuparuk River unit. The 6,223-foot well encountered oil-bearing sandstones, but well control challenges kept the companies from testing the well, which it plans to do this coming winter, according to a partner on the program.

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