Umiat Oil Field Seismic Reinterpretation and Exploration

under evaluation

The Umiat oil field on Alaska's North Slope, discovered over 80 years ago, has been re-evaluated using advanced seismic technology, particularly amplitude variation with offset (AVO) analysis. This reinterpretation of existing 3D seismic data identified deeper, conventional reservoirs beneath the permafrost zone, expanding the estimated oil in place to over 2 billion barrels, doubling previous estimates. A newly defined, unleased prospect called Tukkuttok exists below the permafrost at depths of 2,000-4,000 ft under normal pressure conditions, potentially making commercial production feasible with high-quality light crude oil and favorable reservoir conditions.