Miller Energy Resources today reported progress toward doubling its Alaskan oil production.
The Knoxville-based company said its Rig-35 had been approved for drilling by the Alaska Oil and Gas Conservation Commission.
The rig is in position over an existing oil well on the Osprey platform and work is underway to bring the well back into production. When production is restored to the first well, Miller plans to use Rig-35 to restore production at a second well on the Osprey platform.
“(B)ringing these two wells online will double its Alaska production,” the company said in a news release.
The Rig-35 work allows Miller “to accelerate our aggressive development and drilling plans on our single largest reserve base, the Redoubt Shoals Field,” Miller CEO said Scott Boruff said in a statement.
Miller is an oil and natural gas exploration and production company with operations in Alaska and East Tennessee.
Photo: Miller Energy’s Osprey platform.