88 Energy gets access to Schrader Bluff 3D

Kay Cashman

Petroleum News

88 Energy Ltd. said Jan 26 that it has secured access to the Schrader Bluff 3D seismic dataset released by the Alaska Department of Natural Resources' Division of Oil and Gas.

The company said the survey provides high-quality subsurface coverage "across the North-West Hub of its South Prudhoe acreage, next to the Prudhoe Bay Unit, and will be used to strengthen future exploration decisions."

88 Energy said interpretation will help mature multiple prospects, support an internal update to prospective resource estimates and assist in identifying and optimizing future well locations near producing fields and existing infrastructure.

The company added that the data will be incorporated into its exploration database to support a drilling program scheduled for Q1 2027 and said it expects to purchase the Kad River 3D Survey release in March 2026, covering Kad River East leases "secured in a 2025 bid round."

88 Energy noted that updated internal prospective resource estimates for South Prudhoe are expected in first quarter "after interpreting Schrader Bluff 3D alongside Storms 3D and other datasets, covering Ivishak and Kuparuk reservoirs and shallower Brookian formations."

--Petroleum News