A speculative play

Company bid on oil & gas leases in North Slope area that has sparse data

Alan Bailey

Petroleum News

While taking a conventional route to success may be safe, adopting a contrarian strategy can sometimes pay handsome dividends. These two approaches appear to lie behind much of the bidding in the state of Alaska’s recent North Slope lease sale. While Repsol, ASRC Exploration and Caracol Petroleum co....

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Geology changes to the east

Reservoir challenges

Sparse drilling

Older wells