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NEWS BULLETIN

November 17, 2016 --- Vol. 22, No. 41November 2016

Hilcorp buys North Cook Inlet field from ConocoPhillips

ConocoPhillips has sold the North Cook Inlet gas field to Hilcorp Alaska, ConocoPhillips spokeswoman Amy Burnett has told Petroleum News. The offshore field operates from the Tyonek platform, with gas delivered to shore on the Kenai Peninsula by subsea pipeline.

"ConocoPhillips reached an agreement with Hilcorp for the sale of the North Cook Inlet unit, and the asset sale was finalized in late October," Burnett told Petroleum News in a Nov. 16 email.

Hilcorp has confirmed the sale.

"Hilcorp has made great strides with our existing assets in Cook Inlet. The Tyonek platform and the North Cook Inlet unit are great additions to our existing assets within the Cook Inlet," said Hilcorp Senior Vice President David Wilkins. "As a result of significant investments, the company has been able to increase production and help provide a reliable source of energy for Southcentral Alaskans."

In July 2015 ConocoPhillips announced its intent to sell its Cook Inlet properties, other than the liquefied natural gas facility at Nikiski on the Kenai Peninsula. The company subsequently sold its interests in the Beluga River gas field on the west side of the Cook Inlet to electric utilities Chugach Electric Association and Municipal Light & Power. Now, with the sale of the North Cook Inlet unit, ConocoPhillips no longer owns any interest in any fields in the Cook Inlet basin.

- ALAN BAILEY

Armstrong to drill only Horseshoe

Armstrong Oil and Gas had planned to drill two North Slope wells this winter season - the exploratory Horseshoe well and an appraisal well at its Pikka unit.

Those plans have changed, due to concern from Nuiqsut and Kuukpik Corp. that both Armstrong and ConocoPhillips would be drilling somewhat close to the village of Nuiqsut, Armstrong Vice President Ed Kerr told Petroleum News in an email.

The Pikka well, Kerr said, was going to be within the Pikka unit expansion area "and somewhat close to the village of Nuiqsut."

"We did this to show our support for working with Kuukpik and the village of Nuiqsut."

He said Armstrong was able to work out an arrangement with ConocoPhillips "in which we swap well information with them," with Armstrong providing well information from Horseshoe and ConocoPhillips providing information from their Putu well, which Kerry said "is basically identical to our Pikka well."

The Putu well is also near Nuiqsut, and ConocoPhillips said in permitting documents that both an original well and a sidetrack are planned.

The Horseshoe well is south of Nuiqsut near a bend in the Colville River west of the Kuparuk River Meltwater satellite and would be staged from a pad at Drill Site 2P at Meltwater.

- KRISTEN NELSON

See story in Nov. 20 issue, available Friday, Nov. 18 at www.PetroleumNews.com

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