88 Energy is gearing up to tap its Merlin-2 well at Project Peregrine in Alaska’s North Slope after pinpointing a spot from a trio of initially permitted locations. The company says the chosen ground could deliver thicker reservoir sections and sands with higher permeability and porosity than its previously completed Merlin-1 well. Merlin-2 is targeting 652 million barrels of oil with an…

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