[thackney]

ConocoPhillips certainly believes it is worth going after and will produce greater than 50,000 bpd. I was on the design team for them back in 2005 for these first production sites. They have 4 planned already. They have argued against this assessments as their own drilling has shown differently.

It is very light oil and condensate, even higher that what has been produced from the nearby Alpine and Fjord fields.

[thackney]

ConocoPhillips and Anadarko announce NPRA discoveries
http://juneauempire.com/stories/050509/reg_436594807.shtml
May 05, 2009

USGS report reduces estimate of oil in petroleum reserve
http://www.adn.com/2010/10/26/1519692/report-slashes-estimate-of-amount.html
October 27th, 2010

...
And yet, the agency scientist who published the new estimates cautioned against overreacting. He stressed on Tuesday that the reserve does hold some decent-sized accumulations of oil — particularly in the northeast, near Teshekpuk Lake — and its potential for gas is “just phenomenal.”

...
Some geologists in Alaska are having a hard time believing the NPRA contains 90 percent less oil than the Geological Survey estimated just eight years ago.

“It makes NPRA — the bulk of NPRA — very questionable with regard to oil,” said David Hite, an Alaska petroleum geologist and private consultant.

...

Hite and other geologists in Alaska said they need to look more carefully at the agency’s findings before they feel confident accepting it.

“It seems somewhat controversial to me,” said Dick Garrard, geoscience manager for FEX, the Alaska subsidiary of a Canadian energy firm called Talisman.

...

The new report, however, shows that one of the most promising places for oil exploration in NPRA is in one of its most environmentally sensitive areas, near Teshekpuk Lake.

But environmentalists have fought in court to protect the area from development, citing its importance for migratory birds.

[Owen]

I’m sure you’re aware that light condensate has only 60% of the BTUs of proper crude.