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August 2002

Vol. 7, No. 32 Week of August 11, 2002

Forest Oil reports Redoubt No. 5 well drilling in Hemlock

Petroleum News Alaska Staff

As part of its second quarter operational results, Forest Oil Corp. said Aug. 7 that the Redoubt No. 5 is currently directionally drilling in the Hemlock objective at 14,450 feet measured depth at Forest’s Cook Inlet Redoubt field.

Forest said this well will be the first test on the western flank of the field.

Regulatory permitting difficulties delayed the drilling of the No. 5 by approximately one month, the company said. Delineation of the field to the west and south will occur with the drilling of the No. 5 and No. 6 wells.

Forest said the Redoubt No. 4 was a 20,203-foot directional well designed to test the down-dip limits on the eastern flank of the Redoubt structure. The lower Hemlock tested low volumes of oil and water, the company said.

Three shallow gas sands were tested, with two testing wet and one testing 1.2 million cubic feet a day.

Forest said onshore facility construction and pipeline installations continue that the company continues to estimate production start-up at Redoubt by year end.

Forest has a 100 percent working interest at Redoubt and is the operator.

Non-operated activities

At the Unocal-operated Trading Bay field, where Forest has a 47 percent working interest, Forest reported that that a water injection well will support two past successes in the northern nose area of the field, horizontal completions in the A-15 and K-13 which are producing at a combined rate of 5,000 barrels of oil per day.

At Unocal-operated McArthur River field (Forest 47 percent working interest), Forest reported the G-12 was drilled and completed as a down-dip Hemlock producer to find bypassed oil in the mature Hemlock water flood during the second quarter. Forest said the well is currently producing at a stabilized rate of 850 bpd with 33 percent water cut.






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