Posted on 08/10/2006 7:11:52 AM PDT by thackney
Conoco Phillips Alaska Inc. and partner Anadarko Petroleum Corp. this week launched a new North Slope oil field, a spot of good news for an industry reeling from the emergency shutdown of the giant Prudhoe Bay field.
The new field is called Fiord. It's a satellite -- a relatively small crude oil deposit about five miles north of the large and isolated Alpine oil field in the Colville River delta some 50 miles west of Prudhoe.
Conoco plans to develop a handful of satellites, which will send their oil by pipeline to Alpine for processing.
Fiord is the first of the satellites to begin production, Conoco managers said Wednesday.
Fiord consists of a gravel drilling pad on the tundra, with no connecting road. Workers will reach it by plane or over a temporary road made of ice in the winter.
On Tuesday, field workers opened the taps on three of Fiord's five wells, and on Wednesday the first oil reached Alpine, said Georg Storaker, Conoco's vice president of operations and development.
Discovered in 1999, Fiord ultimately will have 17 wells producing a peak of 22,500 barrels of oil per day in 2008, adding substantially to Alpine's overall output. Today, Alpine makes 117,000 barrels per day as the state's third-largest oil field behind Prudhoe Bay and Kuparuk.
A second satellite, called Nanuq, is being developed to the south of Alpine. Conoco expects to begin production from Nanuq in November, Storaker said.
Together, the two fields represent a $650 million capital investment and are expected to produce a combined 100 million barrels of oil over a lifetime of about 25 years, Conoco said.
That's a small amount of oil by North Slope standards, but the satellites would be considered huge pools in many other states.
(Excerpt) Read more at adn.com ...
Keep punching holes in the ground to deny American money to the head-choppers and lefty nuts like Chavez.
Why can't we have a satellite in ANWAR?
"Discovered in 1999, Fiord ultimately will have 17 wells producing a peak of 22,500 barrels of oil per day in 2008,"
17 fields producing only 22,500 barrels per day?
Is this a misprint?
Not fields, wells in a single field. And half of those are injection wells to put the produced water and gas back downhole.
ooops.
Sorry. I should have read a little harder.
:(
ping
This was the project that brought me to Alaska in the first place.
bttt
Conoco Phillips and Anadarko Petroleum Corp. said Tuesday that oil from the satellite Fiord oil field began flowing to the Alpine field, five miles away. Fiord is expected to have peak production of approximately 22,500 barrels of oil per day gross in 2008.
Which project is going to bring you back to Texas?
;-]
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