88 Energy lifts South Prudhoe unrisked 2U prospective resources to 769 million barrels

  • 88 Energy lifted its unrisked 2U prospective resource estimate for the South Prudhoe project on Alaska’s North Slope by about 35% to 769 million barrels of oil and NGLs, reflecting new seismic velocity analysis and added reservoir targets.
  • The update adds a maiden Brookian estimate of 182 million barrels in the North-West Hub, split across the West Sak and Upper Schrader Bluff reservoirs.
  • The North-West Hub Ivishak estimate rose about 44% to 70 million barrels, increasing the scale of the Augusta prospect within the planned Augusta-1 well.
  • Augusta-1 is now planned to test up to 134 million barrels of unrisked 2U prospective resources across Ivishak, Kuparuk, and Brookian intervals, with drilling targeted for the 2027 Alaskan winter season using Nordic Rig-3.


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