USD 63.7606

-0.19

EUR 71.1696

+0.04

BRENT 59.52

+0.47

AI-92 42.28

+0.01

AI-95 46.04

+0.01

AI-98 51.75

0

Diesel 46.25

-0.01

14

A Sore Point of Exxon

Point Thomson is believed to contain at least 11 trillion cubic feet of recoverable gas

Exxon proposed beginning delineation drilling on Alaska field next winter in order to proceed with a $1.3 billion development program of expected initial capacity of 10,000 bpd of condensate from the field by the end of 2014.

The state of Alaska began proceedings to cancel the Point Thomson field's leases in December 2006, arguing Exxon and its partners had failed to put the field into production as scheduled.

Point Thomson is believed to contain at least 11 trillion cubic feet of recoverable gas reserves and another 200 million barrels of condensates.