Alaska oilfield gas leak estimated at 7.2 million cubic feet

Published 04/04/2022, 11:57 PM
Updated 04/05/2022, 07:15 AM
© Reuters.
WBD
-
COP
-
NG
-

By Yereth Rosen

ANCHORAGE, Alaska (Reuters) -More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaskan oilfield, forcing workers to evacuate and cutting production last month, operator ConocoPhillips (NYSE:COP) and a state regulatory agency said.

ConocoPhillips is working to seal off the leak at its Alpine field, the Alaska Oil and Gas Conservation Commission said in a report, as it determined the gas volume lost in the leak discovered a month ago that brought a cut in oil output.

Overall daily Alpine production fell to a low of 36,851 barrels on March 13 from 51,700 on March 1 before the discovery, the state's revenue department said, though latest figures show output has since recovered to more than 50,000 barrels a day.

As site remediation work continues, Conoco said it was placing cement in multiple steps to isolate the shallow geologic formation identified as the source of the gas. Then it will plug the source, the company said on its incident website.

Last week it also received a permit for seismic surveys of the affected area, a drill site called CD1, the oldest in the Alpine field on the western North Slope.

ConocoPhillips did not respond to a request for comment.

Discovery (NASDAQ:DISCA) of the leak led to the temporary evacuation of about 300 of the roughly 400 workers at the field.

There has been no detectable gas outside the structures enclosing the wells, though "fluctuating" low levels of gas have been reported inside the wellhouses, the regulatory agency said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.