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BlueCrest, WesPac ink deal to develop Cosmo

...plans to resume drilling at the Cosmopolitan oil and gas deposit near Anchor Point this summer, BlueCrest CEO Benjamin...the preparatory work for those wells.The shallower gas deposit will be produced using vertical production wells drilled...
BlueCrest to partner with WesPac for Anchor Point natural gas

...the deeper oil reservoir at Cosmopolitan and also begin drilling wells from a jack-up rig into the shallower natural gas deposit, Johnson said in an interview.The company hopes to use the Spartan 151 jack-up rig now under contract to Furie...
Point Thompson shows resource past, future

...development because of its status as a huge conventional deposit. Prudhoe Bay was another such field, and oil and gas deposits of its nature are generally less expensive to develop and have long production lives in which they provide profits to...
Exploration work to resume at Cosmopolitan prospect

...back to Cosmopolitan, too. BlueCrest will use the jack-up rig to drill vertical gas production wells into a shallow gas deposit that overlies the deeper oil reservoir, Johnson said. The company would like to get the Endeavour drilling by late...
What others say: U.S. military's eyes on the Asian Pacific

...largely uninhabited, but they give the possessor a claim on fishing rights and what are believed to be extensive oil and gas deposits. They are claimed not only by China but variously by Vietnam, the Philippines, South Korea, Japan and Malaysia...
Former Coast Guard chief tapped as Arctic diplomat

...officials estimate the Arctic holds 13 percent of the world's undiscovered oil reserves and 30 percent of undiscovered gas deposits. Until recently, however, the resources that could reap hundreds of billions of dollars in revenues were frozen over...
A guide to understanding Cook Inlet tax incentives

...thumb is that on an exploration well, out of every seven, you may find one that has a measureable quantity of oil and gas deposits that might be commercially produced."In exchange for sharing some of the risk, the state requires the producers...
Jack-up rigs back to work

...another independent. Cosmopolitan has an oil deposit at the 6,000-foot to 8,000-foot level and a shallower gas deposit at 3,000 feet to 4,000 feet. Previous exploration drilling at Cosmopolitan involved extended-reach directional...
Buccaneer considers subsea production system

...explorer Buccaneer Energy says it would prefer a subsea production system for the development of Cosmopolitan, an oil and gas deposit the company is now testing in Cook Inlet. It would be the first subsea development in the inlet, where conventional...
Buccaneer says it can produce 10 mmcf daily from new gas field

...Cosmopolitan is owned by Buccaneer and Bluecrest Energy, a partner, and is a known oil deposit with a shallower natural gas reservoir. The initial well will be to test the shallow gas deposit to determine if it can be commercially produced.


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