Company Briefs

Linc Energy finds oil in Alaska oil field

OIL and gas producer Linc Energy has produced 650 barrels of crude oil during flow testing at a well in its Umiat oil field in Alaska - the first time crude oil has surfaced in quantities there since 1952. At full commercial production, the firm expects the Umiat field to have a peak rate of 50,000 barrels of oil per day (bopd) to be pumped into the Trans-Alaskan Pipeline. The well produced at a peak rate of 800 bopd during the test.

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