Exploration agreement inked for 75 square miles on North Slope - December 28, 1998

Providing coverage of Alaska and northern Canada's oil and gas industryDecember 1998

Vol. 3, No. 12

Week of December 28, 1998

Exploration agreement inked for 75 square miles on North Slope

ARCO, PetroFina, Murphy to jointly explore 48,500 acres near Mikkelsen Bay east of Prudhoe

Kristen Nelson

PNA News Editor

All or portions of 16 leases are included in a new North Slope exploration alliance. ARCO Alaska Inc., Petro-Fina Delaware Inc. and Murphy Exploration & Production Co. said Nov. 24 that they will share ownership in the leases 20 miles east of Prudhoe Bay and jointly explore the area.

The companies said that the Stockton Island alignment agreement includes more than 48,500 acres near Mikkelsen Bay, “provides for proportional ownership of all or portions of 16 leases and designates the area as a region all parties desire to jointly explore.”

Not all of the lease numbers involved were immediately available, but those identified are north of BP Exploration (Alaska) Inc.’s Badami unit and northwest of the Exxon-operated Point Thomson unit. ...

The rest of this story is available from Petroleum News • Alaska by calling the circulation manager Dan Wilcox at 522-9469 for back issue copies. (Nov. 1998)

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.