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Article: Exceeding expectations: Alpine expansion and satellite development gathers steam.
- Article from:
- Alaska Business Monthly
- Article date:
- May 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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From its commercial start six years ago, the Alpine oil field has exceeded expectations of its developers, ConocoPhillips and Anadarko Petroleum, who continue to invest in the far-western North Slope reservoir by expanding processing facilities and developing nearby satellite fields.
Opportunities remain for Alaska contractors to land a portion of future multimillion-dollar construction projects to tap known oil accumulations in the National Petroleum Reserve-Alaska, as development plans have already been approved by federal land managers.
Originally designed to produce crude oil at an average rate of 70,000 barrels per day, Alpine's peak production ...