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PS - Conoco boosts estimates for Narwhal & Willow finds in Alaska - January 2020

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ConocoPhillips reported results from appraisal wells completed during 2019 at its Narwhal and Willow discoveries in Alaska. At Narwhal on the CD4 pad, an extended-reach horizontal well encountered a thick, oil-bearing sand along the entire length of the lateral. The well was put on a longterm flow test and reached a peak rate of more than 4,500 boe/d, which exceeded expectations. Because of the encouraging results, the resource range for the 2018 discovery was increased by 50 MMbo at midpoint......
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