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NEWS BULLETIN

May 24, 2017 --- Vol. 23, No. 16May 2017

Nenana basin promising for oil

The Toghotthele No. 1 well, drilled by Doyon Ltd. in 2016 in the Nenana basin, found multiple oil shows, Gerry van Kooten, geological consultant with Petrotechnical Resources Alaska, told the American Association of Petroleum Geologists Pacific Section annual meeting on May 23. The well, a few miles west of the town of Nenana in Alaska's Interior, was drilled to a depth of 11,375 feet. There were 20 to 30 oil shows at depths between 6,400 feet and the bottom of the well, van Kooten said.

"This is really good evidence that oil is present in the Nenana basin," he said.

The well also encountered some gas, relatively dry gas higher up in the well but wetter, with condensate components, deeper in the well.

- ALAN BAILEY

BOEM to open Cook Inlet bids online

The federal Bureau of Ocean Energy Management will open bids for its Cook Inlet outer continental shelf lease sale in Anchorage June 21 - and for the first time in an Alaska OCS lease sale, the opening will not be open to the general public, media or industry. Instead, the bid opening and reading will be available for viewing on BOEM's website via video live-streaming at 10 a.m. at www.boem.gov.

In the Federal Register notice for the sale BOEM said it would post results on its website after the bid opening and reading are completed. Sealed bids for the sale must be received by 10 a.m. June 20.

The Alaska Division of Oil and Gas previously announced its 2017 Alaska Peninsula and Cook Inlet areawide sales with public bid openings beginning at 9 a.m. June 21 in Suite 102 of the Atwood Building, 555 West 7th Avenue, Anchorage.

- KRISTEN NELSON

See stories in the May 28 issue, available online Friday, May 26, at www.PetroleumNews.com

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