Phillips applies for Corps of Engineer permit for Palm discovery - October 14, 2001

Providing coverage of Alaska and northern Canada's oil and gas industryOctober 2001

Week of October 14, 2001

Phillips applies for Corps of Engineer permit for Palm discovery

Kristen Nelson

Phillips Alaska Inc. has applied for a U.S. Army Corps of Engineers permit to place approximately 282,000 cubic yards of gravel for proposed Drill Site 3S, approximately 4.9 miles west of Drill Site 3G in the Kuparuk River unit. (See story in August issue of PNA.)

Drill Site 3S will develop the Palm discovery, announced May 18 by Phillips and BP Exploration (Alaska) Inc.

The accumulation is estimated to contain 35 million barrels of recoverable reserves.

Phillips Alaska, operator of the Kuparuk field, holds a 55.29 percent interest; BP Exploration holds a 39.28 percent interest; Unocal, ExxonMobil and Chevron each hold minor interests.

Construction of the drill site and access road are scheduled to begin in January and the initial phase of drilling would be completed by the end of 2003.

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