Phillips looking at 10 exploration wells in Alaska in 2002 - December 02, 2001

Providing coverage of Alaska and northern Canada's oil and gas industryDecember 2001

Vol. 6, No. 19

Week of December 02, 2001

Phillips looking at 10 exploration wells in Alaska in 2002

Petroleum News Alaska Staff

Phillips Petroleum Co.’s Dodd DeCamp, vice president of worldwide exploration, told analysts at a Nov. 27 presentation that the company plans 40 exploration wells worldwide in 2002, a $350-$400 million investment.

Ten of those wells will be in Alaska, he said, including satellites and National Petroleum Reserve-Alaska.

Phillips Alaska Inc. has a number of existing permits and is also permitting for additional prospects. Phillips Alaska expects board approval of its program in early December.

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