Drilling advances ///

Many of you likely remember the Mukluk well that in 1982 “earned” the unwelcomed distinction of being the world’s most expensive dry hole. At a cost of more than $1 billion, the well was drilled from a manmade gravel island in the Beaufort Sea off Alaska’s North Slope, where it was found to have an empty reservoir that was largely blamed on a geological miscalculation. Or, as one engineer said at the time, “We were about one million years too late.”

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