CIRI and Apache Corp. signed an agreement to explore for oil and natural gas on CIRI lands in the Cook Inlet basin.
“CIRI is on board with moving resource development forward in Southcentral Alaska,” said Margie Brown, CIRI president and CEO.
“Responsible use of resource-rich lands will benefit Alaskans and CIRI shareholders for years to come.”
Apache is using state-of-the-art 3-D seismic technology and plans to drill its first well in the Cook Inlet basin later this year.
Apache’s seismic acquisition program employs the industry’s first true cable-free wireless seismic technology in order to limit disturbance on communities, wildlife and the environment.
Apache is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. To learn more visit www.apachecorp.com.