Icewine Spud Pushed Back Due to Permit Delay

88 Energy Limited announced Monday that the spud of the Icewine #1 well, located onshore Alaska, has been pushed back due to a delay in the approval process for the final remaining permit required to commence drilling.

The remaining Permit to Drill was delayed due to a request for additional information from the Alaska Oil and Gas Conservation Commission. 88 Energy anticipates that this information can be obtained and incorporated into a modified Permit to Drill by October 19. Assuming no additional issues, the Permit to Drill would likely be approved that same week, allowing for spud of Icewine #1.

Managing Director of 88 Energy Limited, Dave Wall, commented in a company statement:

“Unfortunately, a seemingly inevitable left field issue has resulted in delay of spud. We appreciate that this is frustrating for shareholders at this late stage, however the company has the situation well in hand.”

An Oil Discharge Prevention and Contingency Plan (Spill Plan) was approved for the Icewine project on October 9. 88 Energy will hold a 78 percent interest in, and operatorship of, 98,182 acres onshore Alaska after the spud of the first well in the area. 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Andrey Berg | Oct. 14, 2015
Drilling exploration well on seismic prospect is very risky because even good structures contain water mostly. Presence hydrocarbons in prospects or other traps is indicated directly only with the binary seismo-electromagnetic phenomenon in accumulations


Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)
 -  OGA Awards 25 Licences for 111 UKCS Bl... (Mar 23)
 -  UK Minister Brands Oil Worker Discrimi... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Health & Safety Compliance Specialist III
Expertise: Environmental, Safety & Training|HSE Manager / Advisor|Regulatory Compliance
Location: Ignacio, CO
 
Well Servicing Rig Jobs - North Dakota, USA
Expertise: Derrickman|Floorhand / Roughneck|Production Operator
Location: North Dakota, United States, ND
 
Field Superintendent - US Drilling Rig Operations
Expertise: Drilling Superintendent|Field Service Tech
Location: United States
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours