ExxonMobil offers latest development plan for Alaska

03/10/2008
ExxonMobil Production Co. submitted the latest in a series of development plans for the Point Thomson Unit (PTU) gas-condensate lease on Alaska’s North Slope.Development of the 106,200-acre PTU, east of Prudhoe Bay, is linked with construction of the proposed Alaska natural gas pipeline from ANS to the Lower 48.ExxonMobil, PTU operator, estimates the high-pressure reservoir has reserves of more than 8 tcf of gas and 200 million bbl of condensate (OGJ, Nov. 26, 2001, Newsletter).Alaska state documents indicate 25 lessees hold working interest in PTU, covering 45 state oil and gas leases. Lessees include BP Exploration (Alaska) Inc., Chevron USA Inc., and ConocoPhillips Alaska Inc.PTU...
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