Sidebar: 20 years ago today - Exploration plans include Sabre

Kristen Nelson

Petroleum News

The "next tranche of exploration prospects" for Forest Oil in Alaska "are offsets to Redoubt or on the other platforms we have an interest in, followed by our onshore program" and offshore exploration in Cook Inlet, company President and Chief Operating Officer Craig Clark told analysts May 9. The company has around a million acres in the Cook Inlet area, he said.

Redoubt Shoal offsets would involve a deeper test, but the company's philosophy is to focus on placing development wells in advantageous locations, "but not spend a lot of time on exploration," he said.

Two additional fault blocks to the north will be offsets.

And, he said, there are some offsets that could be drilled from Unocal platforms, "basically drilling from one of their slots."

Highly deviated wells could test prospects such as Sabre, Clark said.

-KRISTEN NELSON

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