Phillips, Andarko announce Alpine satellite oil field

Posted: Wednesday, July 25, 2001

ANCHORAGE (AP) -- Two oil companies on Wednesday announced the discovery of a satellite oil field near the newly developed Alpine field on the North Slope.

Phillips Alaska and Andarko Petroleum said the Nanuq accumulation is estimated to contain more than 40 million barrels of gross recoverable reserves.

The Nanuq accumulation was discovered in April 2000.

Phillips spokeswoman Dawn Patience said the companies continued delineation work on the accumulation since then.

The Nanuq accumulation is the second satellite field to be discovered near Alpine.

The previously announced Fiord satellite accumulation is estimated to contain more than 50 million gross recoverable reserves.

Phillips is the operator of the Alpine field and its satellites. Phillips holds a 78 percent interest in the fields and Andarko holds a 22 percent interest.

Alpine is the westernmost oil field on the North Slope.



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