Parnell, Sullivan promote Alaska LNG in Asia - Alaskajournal.com - Sean Parnell (NGP Photo-R) and state Natural Resources Commissioner Dan Sullivan (NGP Photo) have been in Japan and Korea in the last two weeks, drumming up interest in a large Alaska liquefied natural gas project. North Slope producers and TransCanada Corp., a gas pipeline ...
Petroleum News by Alan Bailey. Great Bear’s results so far from its Alcor No. 1 shale oil test well on Alaska’s North Slope have met expectations for finding oil in North Slope source rocks, Ed Duncan (NGP Photo), the company’s president and CEO, told the Alaska Oil and Gas Congress on Sept. 19. “I can tell you with absolute confidence that where we thought we would find oil in these source rocks, we found oil,” Duncan said.
by Alan Bailey.
Apache Corp. has secured a suitable drilling rig and is preparing to drill its first Cook Inlet exploration well, the company said Sept. 17. The drilling location is near the village of Tyonek on the west side of the inlet — Apache has scheduled a meeting with village residents on Oct. 10 to discuss the drilling operation, which should start before the end of the year.
Apache has been conducting a major 3-D seismic program in the Cook Inlet basin, to identify exploration drilling targets in the company’s approximately 1 million acr es of Cook Inlet leases. The company is primarily interested in finding oil. “This is an important step in Apache’s exploration program in Cook Inlet,” said John Hendrix (NGP Photo), general manager of Apache’s Alaska operations, when announcing the drilling operation. “First, we started building a large acreage position in a proven hydrocarbon basin with material oil potential; then, we initiated a 3-D seismic program to image the subsurface. Now we are preparing to drill our first wells.” The section is very thick in the Cretaceous; it’s very thick in the Jurassic; it’s a little thicker than expected in the Triassic Shublik, Duncan said. The Shublik is the source rock thought to have the highest shale oil potential on the North Slope, with the two other main source rocks, the HRZ/GRZ and the Lower Kingak, occurring in the Cretaceous and Jurassic sections.