6 Billion Barrels of Light Oil Discovered in Alaska
Construction Equipment
OCTOBER 5, 2016
Caelus Energy Alaska Smith Bay LLC announced Tuesday it has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. Based on two wells drilled in early 2016 and 126 square miles of existing 3D seismic, Caelus estimates the oil in place under the current leasehold to be 6 billion barrels.
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