04/12/2020 - 13:09

88 Energy completes Alaskan farm-out

04/12/2020 - 13:09

Bookmark

Save articles for future reference.

88 Energy has sealed the deal in Alaska, farming-out the company’s wholly owned Project Peregrine on the lucrative North Slope oil field. Under the terms of the farm-out agreement, Alaska Peregrine Development Company can earn a 50 per cent holding in the project by spending US$11.3 million towards the cost of the planned Merlin-1 well.

Subscribe today for award-winning, unbiased and trusted journalism

Subscription Options