24/11/2021 - 14:59

88 Energy pinpoints next Alaskan oil target

24/11/2021 - 14:59

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88 Energy is gearing up to tap its Merlin-2 well at Project Peregrine in Alaska’s North Slope after pinpointing a spot from a trio of initially permitted locations. The Merlin-2 appraisal well is targeting 652 million barrels of oil with an independent geological evaluation giving it a better-than-even chance of success. The project stretches across almost 200,000 acres of land and is proximal to some bumper historic oil finds.

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