What is the latest status of the project “Project Phoenix Oil and Gas Development”?

The status recorded for “Project Phoenix Oil and Gas Development” is Under Construction.

What is the budget and commercial profile for the project “Project Phoenix Oil and Gas Development”?

Taiyo normalizes the budget of “Project Phoenix Oil and Gas Development” to USD 42518599.5.

Where can I verify the source and access all details for “Project Phoenix Oil and Gas Development”?

This Taiyo project page references The West Australian along with the original URL (https://thewest.com.au/business/bulls-n-bears/88-energy-secures-39m-farmout-to-fully-fund-alaskan-oil-project-c-17752522). Taiyo standardizes official data into a consistent, searchable project profile.

Project Phoenix Oil and Gas Development

Sector: Water Supply and Storage • Location: Alaska, United States

Source: The West Australian

Project

Under Construction

88 Energy has signed a farmout deal with US partner Burgundy Xploration to fully fund future work programs at its Phoenix oil and gas project in Alaska. Burgundy will invest up to US$39 million to support the project, which includes drilling a horizontal well to flow test its SMD-B reservoir.

Status: Under Construction
Sector: Water Supply and Storage, Oil and Gas
Location: Alaska, United States of America
Updated: 22 Jul 2026
Source: The West Australian

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Project Information

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The project “Project Phoenix Oil and Gas Development” is an infrastructure initiative in the Water Supply and Storage sector, located in Alaska, United States. Taiyo aggregates data on it from The West Australian.

Participants

Not available for this record.

Status

Original status	Under Construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	88 Energy has signed a farmout deal with US partner Burgundy Xploration to fully fund future work programs at its Phoenix oil and gas project in Alaska. Burgundy will invest up to US$39 million to support the project, which includes drilling a horizontal well to flow test its SMD-B reservoir.
Original sector	Energy
Budget

Location

Country	United States of America (USA)
State	Alaska

Source

Source	The West Australian
URL

More Details

Record type	Project
Sector	Water Supply and Storage, Oil and Gas
Article published date	2025-02-28

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Project Phoenix Oil and Gas Development

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