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December 3, 2021

Milne Point Unit (Schrader Bluff) Heavy Oil Field, US

By Carmen

Milne Point Unit (Schrader Bluff) is a producing heavy oil field located onshore the US and is operated by Hilcorp Alaska. The field is located in block ADL 25517, ADL 25518, ADL 25906, ADL 25516, ADL 28231, ADL 315848, ADL 25515, ADL 25509, ADL 25514, ADL 380109, ADL 47438, ADL 47437, ADL 380110, ADL 47434, and ADL 47433.

Field participation details

The field is owned by Hilcorp Energy.


Production from Milne Point Unit (Schrader Bluff)

The Milne Point Unit (Schrader Bluff) heavy oil field recovered 23.38% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 24.71 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070.


Remaining recoverable reserves

The field is expected to recover 135.39 Mmboe, comprised of 135.39 Mmbbl of crude oil & condensate. Milne Point Unit (Schrader Bluff) heavy oil field reserves accounts 0.30% of total remaining reserves of producing heavy oil fields globally.


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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