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March 2012

Vol. 17, No. 11 Week of March 11, 2012

ANS production down 2.4% from January

Month-over-month crude oil averages drop by almost 15,000 bpd, led by 14,000-bpd drop at Prudhoe Bay, which is down 3.8%

Kristen Nelson

Petroleum News

Alaska North Slope crude oil production averaged 609,216 barrels per day in February, down 2.38 percent or an average of 14,842 bpd, from a January average of 624,058 bpd.

The drop was led by the BP Exploration (Alaska)-operated Prudhoe Bay field, which averaged 352,665 bpd in February, down 3.83 percent or 14,063 bpd, from a January average of 366,728 bpd (see story in this issue on a fire at Prudhoe Bay).

Prudhoe Bay production includes the Northstar and Milne Point fields, and the western Prudhoe Bay satellites Aurora, Borealis, Midnight Sun, Orion and Polaris.

Unless otherwise noted, volumes in this story are from the Alaska Department of Revenue’s Tax Division, which reports oil production only by major production centers and provides daily production and monthly averages.

Kuparuk River down 0.2 percent

The Kuparuk River field, operated by ConocoPhillips Alaska, averaged 134,851 bpd in February, down 0.2 percent from a January average of 135,062. Revenue’s figures for Kuparuk include production from Tabasco, Tarn, Meltwater and West Sak, as well as from the Eni-operated Nikaitchuq field and the Pioneer Natural Resources Alaska-operated Oooguruk field.

The Alaska Oil and Gas Conservation Commission provides production by field and pool; the most recent AOGCC data is for January. In January, production from Nikaitchuq averaged 7,315 bpd, up from 7,026 bpd in December. Oooguruk production averaged 6,116 bpd in January, down from 6,348 bpd in December.

The ConocoPhillips-operated Alpine field averaged 76,690 bpd in February, down 1.1 percent from a January average of 77,517 bpd. Alpine production includes satellite production from Fiord, Nanuq and Qannik.

The BP-operated Lisburne field averaged 33,362 bpd in February, up 2.5 percent from a January average of 32,542 bpd. Lisburne includes production from Point McIntyre and Niakuk.

Production from the BP-operated Endicott field (which includes Badami) averaged 11,648 bpd in February, down 4.6 percent from a January average of 12,209 bpd. AOGCC figures for Badami for January show 1,041 bpd, down from 1,107 bpd in December.

Cook Inlet

AOGCC data shows Cook Inlet production averaged 10,441 bpd in January, down from 10,533 bpd in December. Production comes from the Beaver Creek, Granite Point, McArthur River, Middle Ground Shoal, Redoubt Shoal, Swanson River, Trading Bay and West McArthur River fields. Only Granite Point (1,760 bpd), McArthur River (4,333 bpd) and Middle Ground Shoal (2,441 bpd) have production in excess of 1,000 bpd.

ANS crude oil production peaked in 1988 at 2.1 million bpd; Cook Inlet crude oil production peaked in 1970 at more than 227,000 bpd.






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