US government regulators approved ConocoPhillips Alaska Inc.’s plan for development of its Greater Mooses Tooth 2 (GMT2) project in the National Petroleum Reserve-Alaska. The approval came less than 2 weeks after oil production started from Greater Mooses Tooth 1 (GMT1).
GMT1, a satellite development of Alpine field, is connected by road to drill site CD5. GMT1 has an 11.8-acre drilling pad, a 7.6-mile road, and a pipeline connected to the Colville River Unit infrastructure.
The GMT1 pad will have nine wells initially with capacity for as many as 33 wells. Peak gross production is estimated at 25,000-30,000 b/d. The project is expected to cost about $725 million.
The US Bureau of Land Management and US Army Corps of Engineers issued a record of decision for a second drill site in the Greater Mooses Tooth Unit. GMT2 is 8 miles southwest of GMT1.
Pending a final investment decision, ConocoPhillips expects construction on GMT2 could begin in early 2019. GMT2 is estimated to cost more than $1 billion, with peak production estimated at 35,000-40,000 b/d.
ConocoPhillips Alaska operates the GMT and Colville River units, holding 100% interest.
