The exploration arm of Arctic Slope Regional Corp., ASRC Exploration, has received approval from the state Division of Oil and Gas to test its Placer No. 3 well before the end of this season's off-road drilling season.
In state filings after completing 2016 drilling operations, AEX said that Placer No. 3 had "confirmed extension of the Placer reservoir beyond the central Placer No. 1 location," identifying one productive interval, the Kuparuk C sands, and suggesting there was the potential for additional intervals, including the Cretaceous Brookian Moraine interval that was encountered in the well.
Now AEX says in testing of Placer No. 3 it will evaluate oil potential in another Cretaceous Brookian interval, the Nanushuk formation.
Although an interpretation of 3-D seismic indicates a major difference in the Nanushuk geologic setting between Placer and the nearby Pikka unit, where Oil Search and partners Repsol and Armstrong Energy are developing a major Nanushuk oil discovery, AEX said there have been oil shows in the Nanushuk at Placer and that it was continuing its investigation and anticipated providing further details at a later date.
Although the results of Placer No. 3 have not been made public by AEX, the state certified the well as being capable of producing in paying quantities in December 2016.
- KAY CASHMAN
See full story in the March 17 issue of Petroleum News, available online Friday morning, March 15.
For information on PN's news bulletin service, call 907-522-9469. PO Box 231651, Anchorage, AK 99523 - 1651