ExxonMobil Production Company has completed drilling and casing the surface section on the second well at Point Thomson. The well reached its target surface-section depth of 4,875 feet. Both wells are planned to be completed to their final depths by year end 2010. Additionally, construction work is progressing on schedule with more than 80 barge loads of equipment and material delivered to the site since mid-July.

"We are progressing the development of Point Thomson consistent with the Alaska Department of Natural Resources Interim Decision of January 2009 and the Plan of Development submitted in February 2008,” said Dale Pittman, Alaska production manager for ExxonMobil. “We place the highest priority on safety and care of the environment. We are on schedule to begin production at Point Thomson by year-end 2014."

Point Thomson is a natural gas and condensate field located 60 miles east of Prudhoe Bay on the North Slope of Alaska. It holds an estimated 8 trillion cubic feet of gas – about 25 percent of the North Slope's proven gas resource – and about 200 million barrels of condensate. Developing these resources presents a number of challenges. In order to safely access the high pressure Point Thomson reservoir, the Nabors 27E drilling rig was modified with approximately $35 million in upgrades. ExxonMobil staff and Alaskan contractors worked in 2008 through early 2009 to prepare the rig and pad for drilling.

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