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NEWS BULLETIN

May 02, 2008 --- Vol. 14, No. 47May 2008

April ANS production down 3 percent from March numbers

Alaska North Slope crude oil production averaged 718,032 barrels per day in April, down 3.3 percent from a March average of 742,459 bpd, with the majority of fields showing production decreases.

The BP-operated Northstar field had the largest percentage drop, averaging 28,739 bpd in April, down 9.5 percent from a March average of 31,741 bpd. Production fell to 218 barrels April 28; the field had no production April 29-30.

BP Exploration (Alaska) spokesman Steve Rinehart told Petroleum News this morning that Northstar is in the middle of a big planned maintenance event; the field is expected to be back online in a few days.

Production at the BP-operated Prudhoe Bay field averaged 305,860 bpd in April, down 5.6 percent from a March average of 324,037.

The ConocoPhillips Alaska-operated Alpine field averaged 111,189 bpd in April, down 2.6 percent from a March average of 114,144 bpd.

The BP-operated Endicott field averaged 48,207 bpd in April (this includes some 33,000 bpd of Prudhoe Bay FS-2 oil), down 1.5 percent from a March average of 48,924 bpd.

Production from the ConocoPhillips Alaska-operated Kuparuk River field averaged 149,441 bpd in April, down 1.4 percent from a March average of 151,502 bpd.

Two fields had increased production.

BPís Milne Point field averaged 35,048 bpd in April, up 3 percent from a March average of 34,007 bpd.

The BP-operated Lisburne field averaged 39,548 bpd in April, up 3.8 percent from an average of 38,104 bpd in March.

Editorís note: See story in May 11 issue of Petroleum News, available to subscribers online at noon, Friday, May 9, at www.petroleumnews.com.

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