Oil Exploration Firm: Huge Alaska Deposit Discovered

An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska’s North Slope region south of Prudhoe Bay, the company said.

Pantheon Resources PLC said it located the deposit along the Dalton Highway and Trans-Alaska Pipeline System corridor, The Alaska Journal of Commerce reported Wednesday. . .

Talitha [the prospect] could ultimately produce about 500 million barrels of oil with peak production nearing 90,000 barrels per day, Pantheon CEO Jay Cheatham said. (Read more from “Oil Exploration Firm: Huge Alaska Deposit Discovered” HERE)

Follow Joe Miller on Twitter HERE and Facebook HERE