Yukon: CNOOC funds Northern Cross at Eagle Plain

By OGJ editors
– CNOOC Ltd.’s international subsidiary has made an undisclosed investment in Northern Cross (Yukon) Ltd. that will enable the private Calgary operator to fulfill work commitments under its existing exploration permits at Eagle Plain basin in Canada’s Yukon Territory.

Northern Cross said the work commitments are intended to further assess the oil and gas resource potential in the Eagle Plain area, where 34 wells have been drilled (OGJ, Feb. 20, 1995, p. 94).

Northern Cross owns and operates three significant discovery licenses and a total of 1.3 million acres in the basin. The SDLs include four wells, all drilled in the 1960s, that never achieved commercial production status.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs