NEWS BULLETIN November 12, 2004 --- Vol. 10, No. 103 November 2004 Interior Department issues Alpine satellite record of decision Alaska North Slope crude oil production averaged 705,724 barrels per day in May, down 1.7 percent from a 718,032 bpd average in April. There was a substantial drop following a May 9 power outage at Prudhoe Bay, with production at that field falling to less than 50,000 bpd May 9. Production levels began to come back up the next day, but didn’t top the 300,000-bpd level until May 18. Production from Prudhoe, which averaged 305,860 bpd in April, averaged only 293, 161 bpd in May. Lisburne — part of Greater Prudhoe Bay — also had a substantial drop, down 11.9 percent from April, averaging just 34,849 bpd in May compared to 39,568 bpd in April. Lisburne production dropped below 20,000 bpd May 9, although it got back above 30,000 bpd May 11. Production from other North Slope fields was up in May compared to April. For the complete stories see the June 15 edition of Petroleum News, available to subscribers online at noon, Friday, June 13, at www.PetroleumNews.com Print this story Petroleum News - Phone: 1-907 522-9469 [email protected] --- https://www.PetroleumNews.com S U B S C R I B E CLICK BELOW FOR A MESSAGE FROM OUR ADVERTISERS.

ConocoPhillips also needs permits from state and federal agencies for the Alpine satellite development, and the company has not yet approved project development. ConocoPhillips Alaska spokeswoman Natalie Knox told Petroleum News Nov. 11 in response to a general question on Alpine satellite development that the company will not sanction the project until it has all of the permits and said it still lacks a key permit from the Corps of Engineers and is working with that agency to address its concerns.

Editor’s note: See full story in the Nov. 21 edition of Petroleum News.