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Providing coverage of Alaska and northern Canada's oil and gas industry
April 2011

Vol. 16, No. 14 Week of April 03, 2011

ExxonMobil in Alaska: Granite Point discovery was significant for Mobil

Mobil Oil press release — June 10, 1965

Mobil Oil Company has made a major oil discovery in the Cook Inlet, Alaska. Mobil Granite Point Number One, an offshore exploratory well, flowed at an average rate of more than 1,300 barrels per day, 42 API gravity, through a one-half inch choke during a test today.

The test was made through perforations at a depth of 8,700 feet from one of the several oil sands penetrated. A representative of the Oil and Gas Conservation Commission was present during the test, which was conducted in accordance with state regulations for qualification as a new field discovery well.

Located approximately 50 miles southwest of Anchorage, the discovery well is on a lease of 5,089 acres acquired by Mobil and Union Oil Company [today part of Chevron] and at a state competitive lease sale in July 1962, with a bonus of $608,003. Union now holds 25 percent interest in the lease.

Mobil and Union jointly hold a 3,520-acre lease, acquired at the same state sale, adjacent to the Granite Point lease upon which the discovery was made.

Mobil’s Granite Point Number One is being drilled by Western Off Shore Drilling & Exploratory Company of Santa Fe Springs, Calif., from its offshore drilling barge WODECO Number 2. The well, spudded in on April 5, is scheduled to be drilled to 12,000 feet.

The Mobil well is the fifth significant industry oil discovery in Alaska and the fifth wildcat drilled by Mobil there since 1959. Mobil’s four previous exploratory wells in Alaska were unsuccessful.

A sixth wildcat (Mobil-Atlantic) is now drilling on the Moquawkio reservation, six miles north of the Granite Point well. In addition to its exploratory drilling in the Cook Inlet, Mobil is participating in water seismic work in the Gulf of Alaska and also participated in an extensive seismic survey just completed on the Alaskan North Slope.

The company has conducted its own seismic surveys in the Bristol Bay Area and the Copper River Basin. Alone or in partnership with other companies, Mobil holds leases on 1,015,194 acres in Alaska.






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