Bill Armstrong said in an interview there is no guarantee that the prospect, located southwest of Pikka and Willow oil fields, also holds a colossal cache of oil. “It’s not a sure thing,” he said.
Armstrong said in an interview on Thursday there is no guarantee that West Castle, located southwest of Pikka and Willow, also holds a colossal cache of oil.
Previous explorers had not expected the Nanushuk formation would contain such massive amounts of oil, until Armstrong’s discovery, said Dave Houseknecht, senior research geologist with the U.S. Geological Survey. The formation presents an unusual opportunity for oil companies because most big prospects today exist offshore, and in deep water, Houseknecht said. Also, the crude oil in the Nanushuk is known as “light” and “sweet,” requiring limited processing compared to other types of oil, he said.
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