The Point Thomson gas development on the North Slope has started production. In a web release, ExxonMobil states it will initially produce 5000 barrels per day of gas condensate and 100 million cubic feet per day of recycled gas that will be re-injected for future recovery.
Exxon estimates the facility will double the daily production of condensate within a few months. The company says Point Thomson holds 8 trillion cubic feet of natural gas and condensate, equaling 25 percent of the known gas on the North Slope.
Point Thomson is on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.