The Anchorage Daily News reported that “a small group of explorers with one distinctive North Slope oil discovery already in hand, claims to have discovered one other prospect on par with one of many state’s largest oil fields that’s price growing even at close to rock-bottom costs.”
Experts from the UK-based oil and fuel explorer Pantheon Resources stated trendy analysis of an previous exploration effectively together with info gleaned from latest close by drilling provides them the arrogance to say they’ve a roughly 1.eight billion-barrel discovery south of Prudhoe Bay. According to the Alaska Journal of Commerce, the deposit known as Talitha is positioned alongside the Dalton Highway and Trans-Alaska Pipeline System hall.
Pantheon CEO Jay Cheatham stated that the Thalitha prospect may finally produce roughly 500 million barrels of oil with peak manufacturing nearing 90,000 barrels per day, which might make it corresponding to ConocoPhillips’ giant Alpine discipline to the northwest.
The Alkaid-1 effectively was drilled in 2015 by Anchorage-based Great Bear Petroleum a targeted Alaskan North Slope (ANS) oil and fuel firm. In January 2019 Pantheon acquired the property of Great Bear Petroleum. In March 2019 Pantheon introduced its Alkaid effectively to be a discovery within the Brookian zone of curiosity (ZOI), following profitable move testing which exceeded expectations. Pantheon advised traders it was very optimistic that Brookian ZOI, which has an estimated gross pay 400 ft, would profit its total prospect stock in each Alaska and in East Texas.
In December 2019 Pantheon introduced the profitable acquisition of roughly 27,840 acres within the State of Alaska’s North Slope Areawide Lease sale, strategically positioned in two areas contiguous or adjoining to our present acreage on its northern and southwestern boundaries. These acreage additions are lined with proprietary 3D seismic, and have been chosen on account of detailed technical work accomplished by Pantheon and its consultants
Pantheon Technical Director Rob Rosenthal, a founding member of Great Bear, stated the effectively knowledge from Greater Alkaid was mixed with the previous Pipeline State effectively check outcomes and knowledge from a contemporary, three-dimensional seismic survey of the realm to present a greater image of what lies beneath.
Pantheon Resources. fashioned in 2005, is an impartial oil and fuel exploration and manufacturing firm integrated within the UK with a portfolio of excessive influence initiatives onshore USA, in each East Texas and the Alaskan North Slope
(Source: Anchorage Daily News/MySanAntonio/Pantheon Resources – Image: Service rig on Alkaid-1 effectively/Pantheon Resources)
The submit SMALL GROUP OF EXPLORERS MAY HAVE FOUND A MAJOR OIL PROSPECT IN ALASKA NORTH SLOPE appeared first on Energy Global News.