March 18, 2005
"I've made it a priority
to attract new oil and gas investors to Alaska's prolific oil
and gas basins and the work of Kerr McGee and Armstrong over
the past two years demonstrates that new operators can successfully
permit and execute major programs in Alaska," Murkowski
This winter, the companies successfully delivered last year's discoveries in the Schrader Bluff and Sag River formations. These two areas just offshore of Milne Point were previously leased by a major North Slope producer, which made them available to third parties.
"This is the second year that the Kerr McGee-Armstrong partnership has conducted a two-rig offshore drilling program. Their success demonstrates that Alaska still has world class reserves, some of which are in close proximity to fields that have been operating for decades," Murkowski said.
Murkowski said the success
of the Kerr McGee-Armstrong partnership demonstrates the importance
of making new explorers feel welcome in Alaska.
Source of News: