Tyonek Deep delayed by low oil pricesDrilling complete on three-well project, evaluation of reservoir continuing Kristen Nelson PNA Editor-in-Chief
Phillips Petroleum Co. said Jan. 6 that it is taking a $71 million write off for costs associated with the Tyonek Deep prospect in Alaska.
But, Phillips’ spokeswoman Kristi DesJardais told PNA, the project has not been canceled. “We’re just going to wait on oil prices to improve in order to commerc....
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Reservoir evaluation ongoing
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