Six-year broil over oil and gas field in #Alaska which can potentially add to potential #LNG export
Exxon, BP and other oil companies are embroiled in a six-year-old lawsuit over their leases to the Point Thomson oil and gas field on Alaska’s North Slope, estimated to hold 300 million barrels of oil and 8 trillion cubic feet of natural gas.
Dawn Patience, a BP spokeswoman, said in an e-mail yesterday that company teams “are actively working to resolve” the Point Thomson issue.
“We’re still in a joint discussion phase regarding an effort that would evaluate a North Slope liquefied natural gas pipeline,” Natalie Lowman, a ConocoPhillips (COP) spokeswoman, said in an phone interview.
As for the possible LNG project, Lowman said: “We’ve focused on evaluating the economic viability of an LNG project from the North Slope to south-central Alaska.” The evaluation includes considering a possible LNG facility that would liquefy gas for potential exports, she said.
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