Energy for Alaska

Deutsche Oel & Gas, an oil and gas producer operating in Alaska, has successfully transported its first production platform to the Cook Inlet.

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The Deutsche Oel & Gas Group, an oil and gas producer operating in Alaska, has concluded an important finance agreement for its Kitchen Lights Unit natural gas and crude oil development region via its U.S. subsidiary Furie Operating Alaska.

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The key exploration schedule is being implemented as planned. Work recently began on the drill-ing of what is now the fifth exploratory well in the Kitchen Lights Unit natural gas and crude oil production region in Southern Alaska.

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The highlights of 2013 were the third well, which has the potential to be the most successful well in the entire Cook Inlet, and the fourth well, which is set to be one of the deepest in the entire Cook Inlet.

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Drilling platform back in the development region - Test drilling for infrastructure planning.

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The Department of Natural Resources wants the wells to become a “success story”.

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Drilling of what is now the fourth well began several weeks earlier than planned. The current drill-ing depth is already 2,400 feet, with a depth of 9,000 feet to be achieved by the winter break.

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Successful flow test proves the potential of the third well to be the most successful natural gas well in the entire Cook Inlet in Alaska.

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Third well has potential to be most successful well in the entire Cook Inlet – Assumptions on natural gas reserves and daily production likely to be far exceeded.

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Cornelia Meyer is an independent energy consultant from London and CEO of the MRL Corpora-tion. She has held professional positions at GE Energy, BP and UBS and sat on various global energy committees, such as the World Economic Forum's Global Agenda Council in Energy Security.

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A further USD 33 million in government subsidies is ready to be paid out.

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A few days ago Deutsche Oel und Gas began drilling the second well, KLU#2, in the Kitchen Lights Unit of the Cook Inlet in Alaska, as planned.

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Target depth of first well reached - Gas and high-quality oil found.

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Drill depth in around two weeks: 13,000 feet – great strides made in Deutsche Oel & Gas development region in Alaska.

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