ANCHORAGE (AP) ConocoPhillips and Ana-darko Petroleum Corp. have given the go-ahead for the development of two satellite oil fields on Alaska's North Slope that at peak could produce 35,000 barrels per day, ConocoPhil-lips said Monday.
The satellite oil fields will be on the Fiord and the Nanuq sites, both within eight miles of the companies' Alpine oil field, just outside the National Petroleum Reserve-Alaska.
About 40 wells will be drilled, with first production scheduled for 2006 and peak production of about 35,000 barrels daily in 2008. The satellite oil fields will be developed with horizontal well technology and enhanced oil recovery.
The oil will be processed at existing Alpine facilities. The Alpine field, operated by ConocoPhillips, produces about 115,000 barrels a day.
The companies said they will continue to pursue permits for potential development of three Alpine satellites in the NPR-A.
The reserve covers about 23.5 million acres of public land west of Prudhoe Bay. Estimates of oil reserves in the NPR-A range from about 6 billion to 13 billion barrels of oil.
© 2017. All Rights Reserved. | Contact Us