Phillips, BP announce discovery at Palm
field, a new Kuparuk satelliteMike Richter expects Palm to help keep company’s Alaska production at 375,000 to 400,000 barrels of oil per day for the next several years Petroleum News Alaska
Phillips Alaska Inc. and BP Exploration (Alaska) Inc. announced a discovery May 18 at their Palm No. 1 exploration well. The accumulation is estimated to contain an additional 35 million barrels of recoverable reserves.
Palm No.1, drilled by Nabors Alaska 19E, found 30 feet of oil-saturated Kuparuk....
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