Conoco won’t drill 2nd Iapetus well

Colville River unit operator ConocoPhillips Alaska has told the state it won’t drill a second well at the Iapetus prospect at the northwest corner of the unit. ConocoPhillips applied to expand the unit to the west last year to extend leases with Jan. 31, 2004, expiration dates. The company wanted t....

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First Iapetus well drilled