The start of oil production from the CD5 drill site on the North Slope is expected during the fourth quarter. Current development plans call for 15 wells with expected peak gross production of 16,000 bo/d.
Primary project infrastructure—including a road, gravel pad, four bridges, and pipelines—is already complete. CD5 represents a total project investment of more than $1 billion.
“CD5 has been 10 years in the making and is an important development for our company and for Alaska,” commented Joe Marushack, president of ConocoPhillips Alaska. “In addition to bringing on new North Slope oil production, the infrastructure we installed for CD5 will help enable future development of the NPR-A.”
CD5 is part of the Colville River unit operated by ConocoPhillips Alaska Inc. with 78% interest. Anadarko Petroleum Corp. holds the remaining 22%.
ConocoPhillips is advancing $3 billion gross in new North Slope projects, encompassing CD5, Kuparuk Drill Site 2S (OGJ Online, Oct. 27, 2014); viscous oil development 1H NEWS; and the Greater Mooses Tooth 1 (GMT1) development in the NPR-A (OGJ Online, Feb. 16, 2015).
Peak gross production from all three projects is estimated at 50,000 bo/d, which will be moved through the Trans-Alaska Pipeline System.