and Anadarko Petroleum Corporation [NYSE:APC]
today announced the successful startup of a second Alpine satellite oil
field, known as Nanuq. The Nanuq oil field is located three miles south
of the Alpine oil field on Alaska's North
Slope. Nanuq is expected to have peak production of approximately 15,000
barrels of oil per day (BOPD) in 2008.
Discovered in 2000, Nanuq was developed exclusively with horizontal well
technology and will employ gas and water injection enhanced oil
recovery, similar to the Alpine field. The currently approved plan for
the Nanuq Project development will entail drilling of approximately 19
Construction of Nanuq, and the first Alpine satellite, Fiord, involved
more than 1,400 people over the past two winter seasons. To minimize
environmental impact, 50 miles of temporary ice roads constructed during
winter were used to move construction equipment, facilities, drilling
rigs and drilling supplies to the site and nearby Alpine oil field.
Alpine is located 35 miles west of Kuparuk on the border of the National
Production from Nanuq and Fiord will be processed through the existing
Alpine facilities. Together, the two fields represent approximately $675
million in capital reinvestment and are expected to have peak production
of approximately 35,000 BOPD in 2008.
In addition to the Fiord and Nanuq satellites, ConocoPhillips is
pursuing state, local and federal permits for additional Alpine
satellite developments, including the recently announced Qannik
Alpine, Nanuq and Fiord oil fields owners are ConocoPhillips Alaska,
Inc. (a subsidiary of ConocoPhillips), 78 percent, and Anadarko
Petroleum Corporation, 22 percent.
ConocoPhillips is an integrated petroleum company with interests around
the world. For more information, go to www.conocophillips.com.
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PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
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Litigation Reform Act of 1995. Forward-looking statements are statements
that contain projections about our revenues, income, earnings and other
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