ANCHORAGE (AP) -- An Alaska project will receive nearly $430,000 in a Department of Energy grant aiming to bolster future natural gas supplies, senators Ted Stevens, Frank Murkowski and Rep. Don Young announced Thursday in a joint statement.
The money will go to NANA Development Corp. and Cominco Alaska Inc., which will bring partners in and will provide an additional $625,000. The team intends to develop tools and techniques for drilling wells in arctic conditions, according to the congressional delegation.
The planned slimhold system could be capable of drilling wells for less than 20 percent of today's costs, the delegation said. This technology could be particulary useful for producing natural gas for remote villages.
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