Oil Search has exercised a right to acquire a 50% operating interest in 120 leases totalling 878 sq km in the eastern Alaska North Slope. These leases were run by Lagniappe Alaska LLC, an Armstrong subsidiary, since being won in Nov â18. It is expected that the leases will be formally awarded in mid-2019. The forward programme includes reprocessing of existing seismic + new 3D.
Oil Search has exercised a right to acquire a 50% operating interest in 120 leases totalling 878kmÂ² in the eastern Alaska North Slope. These leases were run by Lagniappe Alaska LLC, an Armstrong subsidiary.