sensing technology such as LIDAR and
infrared to monitor North Slope infrastructure and pipelines. This technology supports safe operations and it improves efficiency and the reliability of
BP’s Alaska North Slope infrastructure
and maintenance programs.
Alaska Business Monthly: What
are some changes you have overseen
since becoming Alaska’s top BP
executive two years ago?
Weiss: In 2014, BP announced a sale
of interest in four North Slope oilfields
to Hilcorp. This sale included all of BP’s
interest in the Northstar and Endicott
fields and 50 percent of BP’s interests
in Milne Point field and the Liberty
prospect. This was a challenging, yet
beneficial transaction. A company like
Hilcorp specializes in getting more production from mature fields and will add
years to the field lives. Hilcorp will also
help bring on opportunities faster at the
Milne Point oil field and potentially Liberty. This big portfolio change allows BP
to play to its strengths at the giant Prudhoe Bay field and the potential development of Alaska LNG. In addition, this
change should translate into additional
production, which will benefit Alaskans.
BP’s business in Alaska is smaller, but,
BP still has about two thousand Alaska
employees and supports twenty-six thousand jobs across the state. BP remains
committed to its plan to increase activity at Prudhoe Bay as a result of oil tax
reform with the goal to minimize production decline. Weathering the oil price
drop will not be easy, but we are already
working to increasing drilling production-adding activities at Prudhoe Bay.
BP is continuing its work to streamline activity and increase efficiency. For
instance, we have accelerated drilling
and non-rig well work at Prudhoe Bay by
nearly 35 percent since 2012. In 2015, we
plan to complete 552 well jobs at Prudhoe
Bay, as compared to 355 well jobs in 2012.
Alaska Business Monthly:
Does BP plan on investing in any Arctic
OCS leases, either by bidding at sales or
Weiss: We have no plans beyond BP’s
50 percent interest in the non-operated
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