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ExxonMobil achieves first production at Point Thomson

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Report summary

ExxonMobil announced first production at the 9.4 tcfe Point Thomson field on Alaska's North Slope on 22 April 2016. The field was discovered in 1977 and holds a quarter of the North Slope's known gas resource. Since there is no gas export line in place from the North Slope the first phase of development is a 10 000 b/d gas cycling project that will produce condensate. Under our base case the field generates a return of under 10%; however it is critical to the longer term commercialisation of over 30 tcf of known North Slope gas reserves.

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  • Alaska North Slope remaining reserves: AK LNG stakeholders

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