Oilfield Discovery: Alaska North Slope Yields Large Light Crude Reservoir

Recovery factors of 30-40% expected

New discovery in the Alaskan Oil operations, and we’re happy to relay this information to our audience.

“This discovery has the size and scale to play a meaningful role in sustaining the Alaskan oil business over the next three or four decades” said Caelus Chief Executive Officer Jim Musselman. Two exploration wells have confirmed 6 billion bbl of light crude on the company’s Smith Bay state leases.

Read the original Article from OGJ.com