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December 6, 2021updated 27 Apr 2022 12:53pm

Milne Point Unit (Kuparuk River) Conventional Oil Field, US

By Carmen

Milne Point Unit (Kuparuk River) is a producing conventional oil field located onshore the US and is operated by Hilcorp Alaska. The field is located in block ADL 47434, ADL 355018, ADL 25518, ADL 25906, ADL 355021, ADL 25516, ADL 28231, ADL 315848, ADL 25515, ADL 355016, ADL 355017, ADL 28232, ADL 25509, ADL 25514, ADL 375132, ADL 380109, ADL 375133, ADL 388235, ADL 47438, ADL 47437, ADL 380110, and ADL 47433.

An expansion project is associated with the Milne Point Unit (Kuparuk River), namely Milne Point Unit (Kuparuk River) Expansion. This project is currently in the commissioning stage.

Field participation details

The field is owned by Hilcorp Energy.


Production from Milne Point Unit (Kuparuk River)

The Milne Point Unit (Kuparuk River) conventional oil field recovered 54.89% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 19.43 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.


Remaining recoverable reserves

The field is expected to recover 48.56 Mmboe, comprised of 48.56 Mmbbl of crude oil & condensate. Milne Point Unit (Kuparuk River) conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Hilcorp Alaska

Hilcorp Alaska LLC, is an energy company that carries out the exploration, development, production, processing and transportation of oil and natural gas. The company is headquartered in Anchorage, Alaska, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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