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Vol. 4, No. 3 Week of March 28, 1999
Providing coverage of Alaska and northern Canada's oil and gas industry


Forcenergy delays Osprey platform installation after Unocal drops out

Companies signed operating agreement for Cook Inlet Redoubt Shoal unit in February; contract for platform was let the previous June

Kristen Nelson

PNA News Editor

Unocal Corp.’s decision not to participate in the Osprey platform being built for development of the Cook Inlet Redoubt Shoal oil prospect has left project operator Forcenergy Inc. shy of cash it had counted on to move ahead, delaying the project. In October Unocal acquired a 30 percent interest in....

    [additional news subjects in this story]

Unocal never agreed to participate

Forcenergy, Unocal partners elsewhere in Cook Inlet

Unit formed in August 1997

Unit agreement signed in 1997


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