While much focus is often placed on ConocoPhillips assets on the North Slope, our operations in Cook Inlet have played an important role in Alaska’s oil and gas history.
A ConocoPhillips heritage company was responsible for Alaska’s first major oil discovery at Swanson River on the Kenai Peninsula in 1957 – nearly six decades ago. Today, Cook Inlet supplies the gas that provides most of the power generation for consumer use in Southcentral Alaska. ConocoPhillips owns and operates the Kenai LNG Plant which has historically provided an important market for excess gas in Cook Inlet, encouraging exploration and development which has for more than 40 years supported local energy security as well as the local economy.
North Cook Inlet Gas Field
The North Cook Inlet Gas Field in Southcentral Alaska was discovered in 1962. The field is operated from the Tyonek platform in the northern waters of the Cook Inlet. ConocoPhillips maintains 100 percent ownership in the field and platform, producing nearly 30 MMCFD in 2012. North Cook Inlet Unit has been producing natural gas since 1969, and current production supports the local Southcentral Alaska energy market.
For more information please see the North Cook Inlet fact sheet.
Kenai Liquified Natural Gas Plant
The Kenai LNG Plant is located in Nikiski, on the Kenai Peninsula, approximately 60 air miles from Anchorage and 10 miles from the city of Kenai. For more than 40 years, the Kenai plant was the only LNG export plant of domestic production in the United States.
On March 31, 2013 the Kenai LNG Plant export license expired. Due to a change in market conditions, including additional gas supplies in the Cook Inlet basin, and with the encouragement of various stakeholders, ConocoPhillips Alaska pursued a new license which was granted on April 14, 2014.
The authorization from the United States Department of Energy allows export of liquefied natural gas from the Kenai Facility to Free Trade Agreement (FTA) countries and non-FTA countries. Collectively, these authorizations allow export of the equivalent of 40 BCF of LNG over a two-year period.
For more information please see the Kenai LNG fact sheet.
Beluga River Gas Field
The Beluga River Gas Field, located about 35 air miles from Anchorage on the upper west side of Cook Inlet, serves major customers in Southcentral Alaska, including local utilities and industrial consumers. Beluga River production also has been used as supplemental supply for the Kenai LNG Plant.
A drilling venture among the Richfield Oil Corporation, Shell, and Standard Oil Company of California (Chevron) discovered the Beluga River Gas Field while drilling a deep oil exploration prospect in 1962. In 1986, ConocoPhillips (then ARCO) took over from Chevron as operator of the field and has continued to operate it since then.
Net natural gas production averaged nearly 19 millions of cubic feet per day (MMCFD) in 2012; gross current production from the field is typically between 80 and 90 MMCFD.
The field primarily provides gas for power generation and is now the largest source of gas for power generation for consumer use in Alaska. The Beluga River Field is operated by ConocoPhillips; co-owners are Hilcorp and Municipal Light & Power.
For more information, please see the Beluga Gas Field fact sheet.