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State approves Point Thomson pipeline

...have spent $3.2 billion to open the Point Thomson field. While Point Thomson is valued primarily for its natural gas deposits, which are estimated to represent 25 percent of all gas in the Prudhoe Bay region, it also produces liquids that can...
News | State
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...
AIDEA approves $30 million deal for Cosmo development begin in late spring, 2016, the company told AIDEA.Johnson said BlueCrest also plans development of a shallow gas deposit that overlies the oil reservoir but that is not included in the current plan. A tentative contract to sell the gas...
Oil council: Shale won't last, Arctic drilling needed now the world and in the U.S.The Arctic holds about a quarter of the world's undiscovered conventional oil and gas deposits, geologists estimate. While the Russian Arctic has the biggest share of oil and gas together, the U.S. and Russia...
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...
Gas supplies tight; producers to rescue? being awaited from the Alaska Oil and Gas Conservation Commission that a "gas only" well can be drilled into the gas deposit, Morakis said. This would allow the company to drill a shallow well to test the gas formation and then later drill...


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