Alaskan Exploration: A Partner for Pantheon

Analysis of recently completed geophysical work points to an estimated 1.8 Bbbl of oil in place at Pantheon’s Talitha project on Alaska’s North Slope. But in the midst of an oil price collapse, will anyone join them to dance?

Alaskan Exploration: A Partner for Pantheon

The Alkaid-1 well is located on the Alaskan North Slope. (Source: Pantheon Resources Plc)

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.”

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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers energy with a focus on renewables.