ALASKAN E&D SCENE CONTINUES TO PERCOLATE

Alaskan exploration and development activity continues to perk up. ARCO Alaska Inc. last week disclosed two oil discoveries on the North Slope west of giant Kuparuk River oil field. It plans further drilling in the area in an effort to prove more reserves to justify installation of another central processing unit on the North Slope. In Alaska's Cook Inlet, Unocal Corp. outlined a program for further development of reserves in the Granite Point oil field area.

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