ConocoPhillips Gets Approval for Production Site inside Alaska Federal Reserve
10/23/2015
ConocoPhillips gained approval to build the first oil production facilities at a federal reserve in Alaska. The U.S. Bureau of Land Management approval allows the company to construct an 11.8-acre drilling pad and other infrastructure within the reserve.
The project boosts the possibility of adding oil to the 800-mile-long Trans-Alaska Pipeline System, designed to ferry 2 MMbpd of crude from the North Slope. It is currently at about 25% capacity due to production declines.
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Pipeline Project Spotlight
Owner:
Gaz-System, Energinet
Project:
Baltic Pipe
Type:
Baltic Pipe will transport Norwegian natural gas from the Norwegian North Sea via Denmark to Poland.
Length:
560 miles (900 km)
Capacity:
110 Bcf per annum
Start:
Q2 2020
Completion:
Q4 2022
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