NEWS BULLETIN

February 11, 2008 --- Vol. 14, No. 15February 2008

January ANS production down 3 percent

Led by an 8.5 percent drop at the BP Exploration (Alaska)-operated Northstar field, Alaska North Slope crude oil production was down 3.4 percent in January, averaging 730,337 barrels per day compared to December’s average of 755,807 bpd.

The BP-operated Endicott, Lisburne and Milne Point fields had increased production, January over December.

Endicott, which includes some 33,000 bpd of Prudhoe Bay oil, averaged 45,698 bpd, up 5.4 percent from a December average of 43,371 bpd.

Lisburne, including Point McIntyre and Niakuk, averaged 35,576 bpd in January, up 3 percent from a December average of 34,526 bpd.

Milne Point production averaged 34,966 bpd, up 1.3 percent from a December average of 34,515 bpd. Milne Point includes Sag River and Schrader Bluff.

Northstar averaged 33,442 bpd in January, down 8.5 percent from 36,538 bpd in December.

Alpine, including satellites Fiord and Nanuq, averaged 109,557 bpd in January, down 5.7 percent from a December average of 116,205 bpd.

Prudhoe Bay, which includes production from the Aurora, Borealis, Midnight Sun, Orion and Polaris satellites, as well as some 400-600 bpd from Lisburne and Point McIntyre, averaged 321,693 bpd in January, down 4.7 percent from a December average of 337,490, a drop of some 15,797 bpd.

Kuparuk, including Tabasco, Tarn, Meltwater and West Sak, averaged 149,405 bpd in January, down 2.5 percent from a December average of 153,162 bpd.

Editor’s note: See full story in the Feb. 17 issue of Petroleum News that will be available online to subscribers on Friday at www.PetroleumNews.com.


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