88 Energy secures rig for Augusta-1 exploration well in South Prudhoe, Alaska

Summary

88 Energy Ltd. has secured the Nordic-Calista Services Rig-3 to drill the Augusta-1 exploration well in South Prudhoe, Alaska. The well aims to evaluate multiple stacked conventional reservoirs with a combined gross unrisked prospective resource of 64 million barrels. Operations are expected to begin in the first quarter of 2027.

Recent Coverage

• 88 Energy secures rig for exploration at South Prudhoe, Alaska

  Oil & Gas Journal - Drilling & Production • May 7

• 88 Energy contracts Nordic-Calista rig for Alaska North Slope well

  Drilling Contractor • May 7