ConocoPhillips has disclosed plans for a drill site on Kuparuk oil field on Alaska’s North Slope, representing the first new drill site on that location in more than a decade. Peak production is expected to reach 8,000 b/d of oil.
The decision follows last year’s passage of Senate Bill 21, which prompted ConocoPhillips and BP PLC to immediately launch $1 billion in programs along with the intent to evaluate up to $3 billion of projects in the Greater Prudhoe Bay area (OGJ Online, Nov. 4, 2013). ConocoPhillips moved a second rig to Kuparuk in January (OGJ Online, Jan. 31, 2014).
Funding for Kuparuk field expansion project Drill Site 2S (DS2S) has been sanctioned by ConocoPhillips and Kuparuk co-owners BP Exploration, ExxonMobil Corp., and Chevron Corp.
