Aker Kvaerner to upgrade Brazilian pulp mill

• Publisher: Elsevier Science
• Year: 2004
• Tongue: English
• Weight: 33 KB
• Volume: 2004
• Category: Article
• ISSN: 1359-6128
• DOI: 10.1016/s1359-6128(04)00110-7

✦ Synopsis

working interest in eight leases totaling approximately 12 000 acres off the Alaska coast, northwest of Prudhoe Bay, from Armstrong Alaska Inc. Kerr-McGee will operate the leases and expects to spud at least one exploratory well during the first quarter. Armstrong holds the remaining 30% interest. The agreement includes the right to acquire interest in 13 additional leases in the area, totaling 54 000 acres. In addition, Kerr-McGee do Brasil Ltda will acquire a 33.33% working interest in the BM-C-7 block in the Campos basin from EnCanBrasil Ltda.