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NEWS BULLETIN

March 08, 2004 --- Vol. 10, No. 25March 2004

North Slope production down for January

Alaska North Slope crude oil production averaged 959,250 barrels per day in February, down 4.25 percent from a January average of 1,001,832 bpd. The drop came primarily from the mid-month outage at Northstar, which went down Feb. 8 when a compressor motor failed and only began to come back on production Feb. 22.

The 13-day total outage at Northstar, plus reduced production the day the motor failed and for two days as production ramped back up after the replacement work was complete, dropped the field’s average monthly production for February by 50 percent, to 39,291 bpd from an average of 78,667 bpd in January.

North Slope production was also down January to February at Endicott, Lisburne, Alpine and Prudhoe Bay.

Endicott averaged 26,088 bpd in February, down 6 percent from January production of 27,746 bpd. Production at Lisburne averaged 56,219 bpd in February, down 4 percent from a January average of 58,561 bpd.

Alpine averaged 104,569 bpd in February, down 0.3 percent from a January average of 104,893 bpd. Alpine production was reduced for three days beginning Feb. 20 to repair aerial coolers.

Prudhoe Bay averaged 483,820 bpd in February, down 0.23 percent from a January average of 484,956 bpd.

Production was up at both Milne Point and Kuparuk.

Milne Point averaged 50,808 bpd in February, up 2.76 percent from a January average of 49,443 bpd. The Kuparuk River field averaged 198,455 bpd, up 0.45 percent from a January average of 197,566 bpd.

Cook Inlet crude oil production averaged 25,863 bpd, up 0.85 percent from a January average of 25,645 bpd.

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