NEWS BULLETIN

July 02, 2008 --- Vol. 14, No. 74July 2008

June ANS production down 5.5 percent on pipeline shutdown

Alaska North Slope crude oil production averaged 666,873 barrels per day in June, a drop of 5.5 percent from a May average of 705,724 bpd.

With the exception of Northstar, all fields on the North Slope had reduced production in June, driven by a planned shutdown of the trans-Alaska oil pipeline at the end of the month for maintenance.

The largest percentage drop, 37 percent, was at the BP Exploration (Alaska)-operated Lisburne field, which averaged 21,951 bpd in June, down from an average of 34,849 bpd in May.

The second-highest percentage drop — 20.7 percent — was at BP’s Milne Point field, where Revenue said maintenance was scheduled beginning June 28.

Production at the BP-operated Endicott field averaged 40,682 bpd in June, down 15.7 percent from a May average of 48,242. Revenue’s figures for Endicott include some 33,000 bpd of Prudhoe Bay Flow Station 2 oil, rerouted into the Endicott line as BP rebuilds flow lines.

Production at the ConocoPhillips Alaska-operated Kuparuk River field was down 4.7 percent from May, with June production averaging 142,547 bpd compared to 149,640 bpd in May.

The Alpine field, also operated by ConocoPhillips, averaged 112,036 bpd in June, down 2.7 percent from a May average of 115,152. Alpine production includes satellites Fiord and Nanuq.

Prudhoe Bay production averaged 285,765 bpd in June, down 2.5 percent from a May average of 293,161 bpd.

The BP-operated Northstar field averaged 35,641 bpd in June, up 22.8 percent from a May average of 29,036 bpd. Cook Inlet production averaged 13,111 bpd in June, up 2 percent from a May level of 12,839 bpd.

See full story in July 6 issue of Petroleum News, available to subscribers online at noon, Friday, July 4 at www.PetroleumNews.com


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