ConocoPhillips says a monstrous drilling rig it employed in Alaska’s western North Slope oil fields recently not only set a long-distance horizontal drilling record but unlocked oil from a new section.
The company said the reservoir is expected to produce up to 20,000 barrels of oil a day, thanks in large part to the big rig’s 6.7 mile horizontal drilling effort reported the Anchorage Daily News.
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