Repsol said March 9 it hit an oil find with big potential in Alaska’s North Slope in the Nanushuk Play.With 1.2 billion barrels of recoverable light oil, Repsol and its partner, Denver-based Armstrong Energy LLC, claim the discovery is the “largest U.S. onshore conventional hydrocarbons discovery in 30 years.”The Horseshoe No. 1 and 1A wells drilled during the 2016-2017 winter campaign confirm the Nanushuk Play as a “significant emerging play.” The wells extend by 32 km (20 miles) in an area known as Pikka.Preliminary development concepts for Pikka anticipate first production there from 2021, with a potential rate approaching 120,000 barrels per day of oil.Repsol holds a 25% working interest in the Horseshoe discovery and a 49% working interest in the Pikka Unit. Armstrong holds the remaining working interest and is currently the operator.
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