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April 28, 2022

Alkaid Conventional Oil Field, US

By Carmen

Alkaid is a conventional oil development located onshore the US and is operated by Pantheon Resources. Discovered in 2019

The project is currently in approval stage and is expected to start commercial production in 2022. The Alkaid conventional oil development will involve the drilling of approximately 44 wells.

Field participation details

The field is owned by Pantheon Resources.


Production from Alkaid

Production from the Alkaid conventional oil development project is expected to begin in 2022 and is forecast to peak in 2025, to approximately 3,120 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2061.


Remaining recoverable reserves

The field is expected to recover 17.44 Mmboe, comprised of 17.44 Mmbbl of crude oil & condensate.


Contractors involved in the Alkaid conventional oil field

The key contractors involved in the Alkaid project as follows.

Other Contractors: eSeis

About Pantheon Resources

Pantheon Resources Plc (Pantheon Resources) is an oil and gas exploration and production company. It explores, develops and produces crude oil and natural gas resource properties. The company holds interest in portfolio of high impact oil projects focused on the Alaskan North Slope. Its major projects includes Greater Alkaid and Talitha, which have high bearing of oil. The company’s projects are located underneath and adjacent to the major Trans Alaska Pipeline System pipeline and the Dalton Highway. Pantheon Resources is headquartered in London, Greater London, the UK

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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