ExxonMobil has commenced production at the $4bn Point Thomson gas-condensate field on Alaska’s North Slope area.
The field is located on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.
ExxonMobil is the operator of the field, while other partners include BP, ConocoPhillips and Leede Operating Company.
The field has an initially production capacity of about 5,000 barrels per day of condensate and 100 million standard cubic feet per day of recycled gas, which will be re-injected for future recovery.
ExxonMobil Development Company president Neil Duffin said: "The successful startup of Point Thomson demonstrates ExxonMobil’s project management expertise and highlights its ability to execute complex projects safely and responsibly in challenging, remote environments such as the North Slope in Alaska.
"Our strong partnership with Alaskans and Alaska-owned companies played a critical role in helping to complete this major project.
"It further reinforces our commitment to pursuing the development of Alaska’s natural gas resources."
The company expects the facility to reach full production capacity of up to 10,000 barrels per day of natural gas condensate and 200 million cubic feet of recycled gas following commissioning of the west pad well in few months.
According to company’s estimates, the Point Thomson reservoir has 8 trillion cubic feet of natural gas and associated condensate, which represent 25% of the known gas on the North Slope.
ExxonMobil said that the future development at the field is subject to range of factors including business considerations, investment climate, and the fiscal and regulatory environment.
Image: ExxonMobil-operated Point Thomson field in Alaska’s North Slope area. Photo: courtesy of Business Wire/ ExxonMobil.