Article: Arco, BP report find, plan Kuparuk venture. (Arco Alaska Inc. and BP Exploration Inc. discovered oil on Alaska's North Slope)

ANCHORAGE, Alaska -- Arco Alaska Inc. and BP Exploration (Alaska) Inc. said Monday that they found oil at the Tarn prospect on Alaska's North Slope and agreed to jointly develop Kuparuk, Alaska's second-largest oil field.

The oil has been found in two delineation wells and a sidetrack in the Tarn prospect west of the Kuparuk River field.

Tests at the Tarn 2 well yielded a steady, stimulated flow rate of more than 2,000 b/d of 38-degree API gravity oil from a sandstone reservoir discovered at a depth of 5,200 feet. ...

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