Oil exploration firm
claims discovery of huge Alaska deposit
AP, April 9, 2020
An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska’s North Slope region south of Prudhoe Bay, the company said. Pantheon Resources PLC said it located the deposit along the Dalton Highway and Trans-Alaska Pipeline System corridor, The Alaska Journal of Commerce reported Wednesday. The London-based company made an updated evaluation of an old exploration well and used information gleaned from recent nearby drilling, officials said.
Our Take: As the industry worldwide faces adversity it is critical, for the State of Alaska, those employed in the industry and the support industry, that the BP/Hilcorp deal goes through.
Doyon challenges AIDEA’s push for Ambler Road in pointed letter
Erin McGroarty, Fairbanks Daily News Miner, April 9, 2020
Fairbanks-based Alaska Native corporation Doyon, Limited, is calling out the Alaska Industrial Development and Export Authority for pushing through funding for the controversial road to the Ambler Mining District.