Point Thomson.

• Position: OIL & GAS

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Point Thomson is located on state acreage along the remote Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.

The Point Thomson reservoir holds an estimated 8 trillion cubic feet of natural gas and 200 million barrels of natural gas condensate, a high quality hydrocarbon similar to kerosene or diesel. The Point Thomson gas represents about 25 percent of known gas resources on the North Slope.

ExxonMobil is developing initial production facilities to produce up to 10,000 barrels per day of natural gas condensate. The condensate will then be transported by a 22-mile pipeline which connects into the Trans Alaska Pipeline System.

Point Thomson

The initial phase of Point Thomson establishes critical infrastructure for current and future Point Thomson developments. It is an important learning experience to reduce uncertainty and to gather data for future phases of Point Thomson development. Lessons gained from this high pressure gas condensate cycling project on the North Slope will be key to unlock Point Thomsons future potential.

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During operations, initial phase onshore facilities will be used to recover natural gas condensate located primarily offshore in the reservoir, using proven long-reach drilling technology. Two injection wells will work in tandem with a production well, cycling up to 200 million cubic feet of natural gas per day through an onsite central processing facility. Condensate will then be transported by pipeline and gas reinjected for future recovery.

Building Point Thomson facilities requires extensive onsite infrastructure designed to minimize the project's footprint. Since October 2012, we've constructed the following critical pieces of infrastructure:

* Housing and facilities with capacity for more than 200 people onsite

* Expansion of existing gravel pads to support onsite facilities

* Installation of a 22-mile pipeline that will bring new gas condensate resources to the Trans Alaska Pipeline System

* Fuel tanks to support onsite activities and project expansion

* Anew, onsite airstrip

* A service pier

* Infield roads for onsite transportation

What Point Thomson means for Alaska

Point Thomson is opening up a new area of the North Slope. Our work with our Alaskan partners is making Point Thomson possible.

We are building initial production facilities designed to produce up to 10,000 barrels of natural gas condensate per day. Those...