Cosmopolitan Project

BlueCrest Strikes Oil

Apr 20, 2016
Courtesy of BlueCrest Energy

BlueCrest Energy is producing its first barrels of oil from the Cosmopolitan Unit north of Anchor Point. Company officials say the new crude is high quality and some of the cleanest they’ve ever seen. 

BlueCrest Still Considering Gas Development

Dec 16, 2015
Photo Courtesy of the Seward City News

BlueCrest Energy plans to drill for oil in Cook Inlet’s Cosmopolitan oil fields from the shore just north of Anchor Point. But, there is also a chance the company will place a rig in the water to drill for natural gas. Market speculation and debate over the state’s tax credits are making BlueCrest hesitate.

Photo by Quinton Chandler/KBBI

A Texas-based company will begin drilling for oil in Cook Inlet next year using extended-reach oil wells. BlueCrest Energy plans to drill onshore north of Anchor Point. KBBI’s Quinton Chandler attended informational meetings in Homer and Anchor Point this week. The participants seemed split between hope for an economic jump start and worry for the project’s safety.

BlueCrest Still Working Toward Cosmopolitan Project

Dec 11, 2015
Image Courtesy of BlueCrest Energy

BlueCrest Energy representatives updated Kenai Peninsula residents this week on their plans to drill for oil in Cook Inlet. Around 25 people attended a meeting Tuesday evening at Homer Middle School. The company also held meetings in Anchor Point and Ninilchik.