According to Exploration and Development news, on October 27, 2010 Exxon-Mobil, the largest international oil company, successfully drilled the PTU-15 and PTU-16 development wells in Alaska. PT or Point Thomson is a field in Alaska’s North Slope that is expected to have approximately 25% of the gas resources discovered in the North Slope, which is about 8 trillion cubic feet of oil and another 200 million barrels of condensates. A lot of money has been invested into this project, ExxonMobil claimed that it has spent about $1.5 billion in this project.
Exxon-Mobil also claimed that by the end of 2014 this project will allow the company to produce about 10,000 barrels a day of gas condensate.
Currently over 150 oil and gas companies are trying very hard to “advance development of the field in an environmentally responsible manner". This venture has created, and will continue to create many jobs in the field.
http://explorationanddevelopment.energy-business-review.com/news/exxonmobil_completes_drilling_ptu16_well_in_point_thomson_field_alaska_090828
Im glad to see that Exxon Mobil is creating jobs in a tough economy, but it also a bit disappointing to see how much money they are spending on a source of energy that will eventually deplete. Most large oil companies seem to be slowly be making investments or strides towards alternative energy as the world also begins to slowly shift n this direction. I wonder how many more years a sustainable oil source will be available to such a massive oil company.
ReplyDelete-Jaisukh Samaha