ExxonMobil starts Arctic production at its natural gas and condensate project, at Point Thompson, on Alaska’s North Slope.
The development is expected to produce 5,000 barrels of condensate and 100 million cubic feet of recycled gas per day, in the projects initial phase; before increasing to 10,000 barrels per day of natural gas condensate and 200 million cubic feet of recycled gas.
ExxonMobil Starts Arctic Production
“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,” said Neil W. Duffin, president of ExxonMobil Development Company.
During the project’s initial phase; onshore facilities will be used to recover natural gas condensate located primarily offshore in the reservoir, using proven long-reach drilling technology.
Produced condensate will be transported by a 22 mile (35km) pipeline which connects into the Trans Alaska Pipeline System.
Point Thompson Reserves
The Point Thomson reservoir itself, contains estimated reserves of 8 trillion cubic feet of natural gas and associated condensate – a high-quality hydrocarbon similar to kerosene or diesel.
ExxonMobil Point Thompson 2016
The resource represents 25 percent of the known gas on the North Slope. ExxonMobil have said that future development will depend on a range of factors such as business considerations, investment climate, and the fiscal and regulatory environment.
Point Thomson is located on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.