Alaskan Exploration: A Partner for Pantheon

Unlike some oil and gas companies deciding whether to shut in wells as prices remain at historic lows, Pantheon Resources Plc is facing a different task: finding a partner to develop its Alaskan North Slope assets amid a global pandemic.

“It’s a difficult dance,” said Bob Rosenthal, chief technical director for Pantheon.

Travel restrictions have prevented some potential partners from going to Alaska, forcing the London-headquartered company—like the rest of the world—to communicate more virtually with everyone working from home. But conversations are picking up after a lull late last year, driven by recent news of a discovery that added resources at Pantheon’s Talitha project located south of Prudhoe Bay, which executives believe made the company more “visible on the world stage.”