By: Wesley Loy

Alaska officials have hired two oilfield contractors to "winterize" Cook Inlet wells a California oil and gas producer recently abandoned as part of a liquidation plan in U.S. Bankruptcy Court.

Pacific Energy's abandoned assets need 'winterizing' to stave off problems, preserve value; cost could range up to $200,000.

The contractors will drain out water and oil and perform other work to safeguard wells and other facilities formerly operated by Pacific Energy Resources Ltd., he said. The goal is to prevent spills and preserve the value of the properties through the approaching winter freeze and ensuing spring thaw.

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