US-based oil and gas firm ExxonMobil has restarted drilling at Point Thomson gas-condensate field on Alaska’s North Slope.
The field is situated on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.
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The project is expected to produce about 10,000 barrels per day of natural gas condensate and 200 million cubic feet of natural gas per day.
Gas will cycle through an onsite central processing facility while the condensate will go via a 22-mile pipeline to the Trans-Alaska Pipeline System.
The Point Tomson reservoir has an estimated 8 trillion cubic feet of natural gas and related condensate, which is similar to kerosene or diesel.
ExxonMobil Development Company arctic vice president Jim Flood said: "The Point Thomson field is a vital part of unlocking Alaska’s North Slope gas resources.
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By GlobalData"The initial production will give us invaluable insight into the potential development of the reservoir and help provide Alaskans with economic benefits."
ExxonMobil and its partners have spent over $2.6bn on the project by the end of 2014 with more than 70 Alaska firms and 800 people working on-site.
The company said Point Thomson marks a new era both for ExxonMobil in Alaska and the North Slope.
The investments made in the project will open the eastern North Slope to new development and lead to increased production into the Trans Alaska pipeline system.
Image: Drilling has been restarted at Point Thomson gas-condensate field on Alaska’s North Slope.Photo: Courtesy of suwatpo/FreeDigitalPhotos.net.
