ConocoPhillips inks deal for new extended reach drill rig

Courtesy Conoco-Phillips
Doyon Drilling Inc. has signed a contract with ConocoPhillips Alaska to build an extended reach drilling rig that can be used on Alaska’s North Slope.
The rig will be used first on a field northwest of the Alpine field.
ConocoPhillips says the rig will increase the area that can be drilled from one site from about 55 square miles to as much as 125 square miles.
ConocoPhillips Alaska president Joe Marushack calls construction of the rig a potential breakthrough eve