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Exxon resumes drilling at Alaska's North Slope

Mar. 12, 2015 2:29 PM ETExxon Mobil Corporation (XOM)By: Carl Surran, SA News Editor
  • Exxon Mobil (NYSE:XOM +0.2%) says it has restarted drilling operations at Point Thomson on Alaska's North Slope with expectations that natural gas condensate production will start in 2016.
  • XOM expects the $2.6B project to produce up to 10K bbl/day of natural gas condensate and 200M cf/day of natural gas.
  • XOM says the Point Tomson reservoir holds ~8T cf of natural gas and associated condensate, which represents 25%of known gas resources on the North Slope and could be used to partially underpin the proposed Alaska LNG project.

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