Fairbanks Getting Grant to Experiment with CO2 and Oil Exploration

The Fairbanks Economic Development Corporation is getting $2.4 million to look at using CO2 to force more oil from the ground on the North Slope. FEDCO CEO Jim Dodson says his organization will team with North Slope producers on the study. Dodson says the grant money was put in the military budget by Representative Don Young (R-AK). The idea is to consider CO2 as an alternative to the natural gas and water currently used to pressurize aging oil reservoirs.

Dan Bross, KUAC – Fairbanks

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