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Hilcorp Unveils Big Plans For Work In The Cook Inlet For 2018

first_imgHilcorp has plans to drill seven new Cook Inlet wells this year, five of those will be offshore from the Steelhead platform. Story as aired: Audio PlayerJennifer-on-Hilcorp-big-plans.mp3VmJennifer-on-Hilcorp-big-plans.mp300:00RPd Facebook0TwitterEmailPrintFriendly分享Hilcorp announced a plan to spend roughly $285 million in Alaska for this year. Hilcorps Operations Manager Chad Helgeson made the announcement to a crowded Kenai Peninsula Industry Outlook Forum, on January 10. Helgeson also said the company plans to spend roughly $83 million on new drilling projects. It has since acquired leases on 20 hydrocarbon fields and 14 of the 16 platforms in Cook Inlet. According to Helgeson, out of the 24 wells Hilcorp drilled last year in Alaska, half were in the Cook Inlet. According to Helgeson the largest portion of the planned investment will go toward infrastructure upgrades, such as replacing compressor control systems in Hilcorp pipeline network. Hilcorp is currently the Cook Inlet’s largest oil and gas extractor since buying many of the local assets of Marathon and Chevron in 2011 and 2012.last_img