ExxonMobil has submitted its plan to the Alaska Department of Natural Resources. It involves evaluation, delineation and development of Point Thomson reservoirs through a phased approach to fully develop the hydrocarbon resource for the mutual benefit of Alaskans and the unit working interest owners. Production is anticipated to start by 2014 year-end.
The project includes an investment of approximately $1.3 billion to commence a multi-year development and delineation drilling program in the 2008-09 winter season and to construct production facilities, pipelines and support infrastructure.
Under the initial phase, approximately 200 million cubic feet per day of gas is expected to be produced. Approximately 10,000 barrels per day of liquid condensate that is separated from the gas is planned to be delivered for sale through new and existing oil pipelines.
Craig Haymes, Alaska production manager for ExxonMobil, said: We look forward to working with the state of Alaska to delineate and bring Point Thomson hydrocarbon resources into production. We have completed significant engineering and geoscience work over the past 18 months, focused on reservoir evaluation and development planning.
