ANCHORAGE – ConocoPhillips (NYSE: COP) Alaska today announced that the Greater Mooses Tooth #2 (GMT2) drill site in the National Petroleum Reserve-Alaska (NPR-A) has achieved first oil production under budget and on schedule on Dec. 12. GMT2 is the second project in the Greater Mooses Tooth Unit, in the northeast NPR-A on Alaska’s North Slope and is located about eight miles southwest of GMT1. GMT2 is a satellite development of the Alpine field and is connected to the existing Alpine production center in the Colville River Unit (CRU) for processing via GMT1 and CD5 infrastructure.
Permit applications for drilling at GMT2 were submitted to the Bureau of Land Management (BLM) in August 2015. The BLM completed a Supplemental Environmental Impact Statement with a Record of Decision issued on Oct. 16, 2018. The BLM, ASRC and Kuukpik Corporation share land and mineral rights for the project.
GMT2 has a 14-acre drilling pad, an 8-mile gravel road, and pipeline facilities connected to the existing CRU infrastructure. The pad is planned to have 36 wells initially, with capacity for up to 48 wells. Peak production is estimated at approximately 30,000 barrels of oil equivalent per day (BOEPD) and the project costs approximately $1.4 billion gross, including construction and drilling expenses. At peak construction during the past three winter seasons, the project created about 700 jobs resulting in more than 600,000 direct construction manhours.
“The GMT2 team safely executed this project in an environmentally responsible manner marking another successful milestone for development in the NPR-A,” said Erec Isaacson, president of ConocoPhillips Alaska. “Projects like these continue to create hundreds of jobs in Alaska and contribute to a stable Alaska economy. We appreciate the collaboration with stakeholders from Kuukpik Corporation, the community of Nuiqsut, the North Slope Borough and ASRC that made it possible. Our continuous investment in projects on the North Slope benefits Alaska’s future.”
In addition to completing GMT2, ConocoPhillips Alaska continues making substantial investments in long-term projects on the North Slope.
The Greater Mooses Tooth and Colville River Units are approximately 100 percent owned and operated by ConocoPhillips Alaska, Inc.
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About ConocoPhillips Alaska
ConocoPhillips has been leading the search for energy in Alaska for more than 50 years. The company is committed to responsibly developing Alaska’s resources, providing economic opportunity for Alaska, operating at the highest safety standards and being good stewards of our communities. For more information, visit www.conocophillipsalaska.com.
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Contacts Rebecca Boys 907-263-4115 desk 907-227-8749 cell rebecca.a.boys@conocophillips.com
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