Exxon Mobil has drilled and cased the first development well at the Point Thomson natural gas project on Alaska’s North Slope. The company said it has also built a 60-mile ice road that enables the transport of heavy equipment and materials to the site.
Exxon drilled the well to a measured depth of over 16,000 feet and the shore-based rig drilled under the Beaufort Sea to the targeted gas reservoir which is located more than 1.5 miles offshore.
Point Thomson is a remote natural gas and condensate field located on Alaska’s North Slope, about 60 miles east of Prudhoe Bay. According to some estimates, it may hold 8 Tcf of gas — about 25% of the North Slope’s gas resources — and about 200 million bbl of condensate.
Exxon and the state of Alaska have been involved in a legal battle over Point Thomson, with the state threatening to confiscate the leases on grounds that Exxon and its partners have not moved quickly enough to develop the gas.
In February of 2008, Exxon submitted a $1.3 billion, six-year development for Point Thomson, which foresees production of 200 MMcf/d and 10,000 b/d of condensate by 2014.
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