State Willing to Pay $30 Million to Get Drilling Rig to Cook Inlet

Alaska Public Media | By Josh Edge

Published April 4, 2011 at 1:47 PM AKDT

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Steve Heimel, APRN - AnchorageThe state is willing to pay $30 million to get a drilling rig to Cook Inlet. The Alaska Industrial Development and Export Authority voted Friday to invest in Buccaneer Energy's plan to bring a jack-up rig to the inlet. Buccaneer agreed to drill four wells with the rig.Download Audio (MP3)

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Josh Edge

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