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BlueCrest, WesPac ink deal to develop Cosmo

...existing gas pipeline infrastructure.The WesPac partnership will allow BlueCrest to focus on development of the deeper oil deposit at Cosmopolitan, Johnson said. The company plans to begin drilling extended-reach production wells into the oil...
Exploration work to resume at Cosmopolitan prospect

...extended-reach" production wells to tap a known oil deposit at Cosmopolitan, company president Benjamin gather reservoir data from the southern part of the oil deposit at Cosmopolitan, according to the plan. The well would...
Corps files proposal to justify CD-5 permit

...permit is still in court, but ConocoPhillips isn't slowing down on its construction of CD-5, a small satellite oil deposit near the Alpine oil field on the North Slope."Work on CD-5 is continuing," ConocoPhillips spokeswoman Natalie...
Buccaneer CEO suspended

...Cosmopolitan, an offshore prospect near Anchor Point, which found gas at shallower intervals that overlie a deeper oil deposit, which had been discovered earlier by ARCO Alaska, a previous owner of the leases. An estimate of new gas resources...
Legislators wrestle with complexity of oil taxes

...helping Pioneer overcome the high capital cost of its planned Nuna oil project now being evaluated. Nuna is a separate oil deposit near the Oooguruk field that Pioneer hopes to develop, and is estimated to cost about $1 billion."The current proposal...
Jack-up rigs back to work

...Alaska Inc. Pioneer sold the prospect to Buccaneer and BlueCrest Energy, 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...
Buccaneer considers subsea production system plans to do a production test of known shallow gas prospects and to extract core for an evaluation of the deeper oil deposit. Cosmopolitan's location is an advantage because it is in shallow water relatively close to shore, and there is...
New inlet explorer looks to expand

...focus its efforts on the North Slope. Another company, Pioneer Resources, is attempting to develop the Cosmopolitan oil deposit on the Inlet's east side, while a smaller independent, Armstrong Oil and Gas, is developing a small gas field on...
Reader: What are the ?powers that be? doing?

...Let us hope somebody is smart enough to tell the northern Canadian oil folks that the nearest port for their enormous oil deposits (now estimated as large as OPEC) exist in Valdez via the trans-Alaska oil pipeline. Maybe they won?t have to...
Analysis: Battle on ACES tweaks to dominate session the production tax law. This has created an unusual situation of a tax subsidy for exploration of likely modest oil deposits but an overall tax law that discourages larger resources being developed in the larger fields, the supporters of HB...


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