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NEWS BULLETIN

January 28, 2005 --- Vol. 11, No. 11January 2005

NPR-A partners ConocoPhillips, Anadarko looking to establish stand-alone facility west of Alpine field

Two wildcat wells to be drilled by partners ConocoPhillips and Anadarko Petroleum this winter in the National Petroleum Reserve-Alaska will be searching for reserves large enough to justify a stand-alone production facility in the area, an Anadarko official said Jan. 28.

Robert Daniels, Anadarko’s senior vice president of exploration and production, said in a conference call with analysts that the planned wildcats, presumably to be drilled on the Kokoda prospect, will be situated in a remote area of the NPR-A and “a significant distance” west of the ConocoPhillips-operated Alpine production facility.

“What we’re looking for there is a discovery large enough to support another stand-alone facility,” Daniels said. “So we’re moving far enough away that these won’t be satellites, most likely, into the Alpine.”

The partners are currently building a 70-mile ice road leading to the Kokoda prospect, said to be farther out than anyone has ventured with an ice road before.

Daniels said the partners are specifically targeting the Jurassic, a huge geological formation that sweeps from the Colville Delta west into the NPR-A.

He characterized prospects in the Kokoda area as “very interesting … similar to what we’re pursuing and have had success with up there, both at Alpine and the satellite discoveries we have to date.”

Total drilled its Caribou prospect south of Kokoda in 2004, but did not build an ice road, using rolligons and an existing gravel air strip near the site. BP Exploration (Alaska)’s Trailblazer prospect, reached by ice road in 2001, is northeast of Kokoda, somewhat closer to the North Slope road system.

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