NEWS BULLETIN

October 09, 2018 --- Vol. 24, No.27October 2018

Greater Mooses Tooth 1 production starts ahead of schedule

ConocoPhillips has announced that oil production from its Mooses Tooth 1 development started on Oct. 5, ahead of the anticipated schedule for the project. The company has developed GMT-1, located in the northeastern National Petroleum Reserve-Alaska, as a satellite of the Alpine oil field, connected to Alpine by gravel road and pipeline via the CD5 drill site.

Permitting for GMT-1 began in 2013, with the Bureau of Land Management issuing a permit to drill in October 2015. ConocoPhillips approved funding for the project in 2015, and construction began in 2017. The company has said that it anticipated production beginning by the end of this year. Production is expected to peak at 25,000 to 30,000 barrels of oil per day.

"This is another milestone for development in the NPR-A," said Joe Marushack, president of ConocoPhillips Alaska, when announcing the start of production. "The GMT-1 team successfully and safely executed this project in an environmentally responsible manner. We appreciate the collaboration with stakeholders from Kuukpik Corporation, the community of Nuiqsut, the North Slope Borough and ASRC that made it possible."

- ALAN BAILEY

See story in Oct. 14 issue, available online Friday, Oct. 12 at www.PetroleumNews.com

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