U.S-based oil E&P firm Exxon Mobil has started production at its Point Thomson field, its first self-operated project on Alaska’s North Slope. Point Thomson, located on state acreage along the Beaufort Sea, is estimated to hold about 8 Tcf of natural gas and associated condensate, representing about 25% of the known gas on the North Slope.
Initially, the production at its central pad facilities would produce about 5,000 bcpd and 100 MMscfd of recycled gas. At full rate production, the facility is designed to produce up to 10,000 bpd of natural gas condensate and 200 MMscfd of recycled gas. It is anticipated to reach that level when the west pad well would commence operations in a few months.
Exxon Mobil, along with other stakeholders, have invested approximately $4bn in the development of Point Thomson facilities through 2015.