NEWS BULLETIN

June 01, 2009 --- Vol. 15, No. 48June 2009

ANS May production up 7% from April drop

Alaska North Slope crude oil production averaged 714,913 barrels per day in May, up 6.7 percent from an April average of 670,030 bpd. April production was driven down by a drop of almost 15 percent in Prudhoe Bay production and a rebound in Prudhoe production made a positive difference of more than 40,000 bpd in May-over-April production.

BP Exploration (Alaska)-operated Prudhoe Bay production averaged 360,816 bpd in May, up 12.7 percent from the April average of 320,120 bpd.

Lisburne, part of greater Prudhoe Bay and also operated by BP, averaged 31,029 bpd in May, up 32.5 percent from an April average of 23,421 bpd.

The BP-operated Endicott field averaged 13,623 bpd in May, up 8 percent from an April average of 12,618 bpd.

BPs Milne Point field averaged 30,517 bpd in May, up 1.8 percent from an April average of 29,990 bpd.

The BP-operated Northstar field averaged 23,154 bpd, down 3.4 percent from an April average of 23,969 bpd.

The ConocoPhillips Alaska-operated Alpine field averaged 107,486 bpd in May, down 2.8 percent from an April average of 110,554 bpd.

The ConocoPhillips-operated Kuparuk River field averaged 148,288 bpd in May, down 0.7 percent from an April average of 149,358 bpd.

Production from Cook Inlet, dramatically cut in April by the shutdown of the Drift River terminal on the west side of the inlet due to volcanic eruptions at Mount Redoubt, averaged just 3,522 bpd in May, down 31.4 percent from an April average of 5,134 that number a drop from almost 11,000 bpd in March.

See story in June 7 issue, available online at noon, Friday, June 5, at www.PetroleumNews.com


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