Milne Point Unit (Schrader Bluff) is a producing heavy oil field located onshore the US and is operated by Hilcorp Alaska. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, 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. Buy the profile here.
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 27.84% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 30.91 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068.
Remaining recoverable reserves
The field is expected to recover 156.90 Mmboe, comprised of 156.90 Mmbbl of crude oil & condensate. Milne Point Unit (Schrader Bluff) heavy oil field reserves accounts 0.37% of total remaining reserves of producing heavy 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.
For more details on the Milne Point Unit (Schrader Bluff) Heavy Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
