Exxon Mobil has received a federal permit to begin construction at the Point Thomson oil and gas field on Alaska’s eastern North Slope, Reuters reported on Friday.
The United States Corps of Engineers granted the company a wetlands-fill permit for building drill pads, roads, an airstrip, pipeline, docking and other facilities needed for production at the field. The permit follows an environmental impact study that began in 2009.
Exxon Mobil is partnered with Conoco Phillips and British Petroleum at Point Thomson and intends to begin producing 10,000 B/D of oil after construction ends. The field holds an estimated 8 Tcf to 9 Tcf of natural gas and 300 million bbl of natural gas condensates and crude oil. Development has been challenged by factors such as high-pressure conditions in the reservoir, the company said.
The permit allows the consortium to fill 267 acres of North Slope waters and tundra wetlands to construct the project, the Associated Press reported today. Point Thomson is 60 miles east of Prudhoe Bay and 22 miles east of the trans-Alaska oil pipeline.