ExxonMobil announces plans for Point Thomson

The Point Thomson unit is one of the North Slope’s largest untapped gas fields. The Frank Murkowski administration reclaimed the state’s leases in 2006 because they had never been developed. In an announcement late this afternoon, ExxonMobil says it has submitted a plan to the state to develop the field through a phased approach — with production to begin there by 2014.

Dave Donaldson, APRN – Juneau