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Vol. 16, No. 22 Week of May 29, 2011
Providing coverage of Alaska and northern Canada's oil and gas industry


AIDEA revises jack-up agreement

Changes aim to give AIDEA more assurances that it won’t lose investment if Buccaneer and Ezion default, could delay drilling

Eric Lidji

For Petroleum News

The Alaska Industrial Development and Export Authority approved changes to its agreement to purchase a jack-up drilling rig on May 25 that aim to make the public-private project less risky, but will likely delay exploration activities for one year. The board of the public corporation of the State of....

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Aiming to close June 30

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