ExxonMobil has started production at its Point Thomson project, the first project it has operated on Alaska’s North Slope. Initial central pad production of about 5,000 B/D of natural gas condensate and 100 MMscf/D of recycled gas will rise over a few months to peak levels of up to 10,000 B/D of condensate and 200 MMscf/D of recycled gas. The recycled gas is reinjected for future recovery. The Point Thomson reservoir contains an estimated 8 Tcf of gas and associated condensate, which represents 25% of the North Slope’s known gas. ExxonMobil holds a 62% interest in the project, with BP (32%), ConocoPhillips (4.9%), and other parties holding the remainder (1.1%).
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