Corps issues permit for Alaska’s Point Thomson

The U.S. Army Corps of Engineers has issued its Record of Decision allowing ExxonMobil Corp. to develop Alaska’s Point Thomson petroleum field.

The permit announced Friday allows ExxonMobil and PTE Pipeline LLC to fill 267 acres of North Slope waters and tundra wetlands to construct the project.

Alaska District Commander, Col. Christopher D. Lestochi, says an alternative was picked that was the least damaging practical alternative as federal law requires.

Alaska Department of Natural Resources Commissioner Dan Sullivan welcomed the decision and says it means hundreds of jobs.

Point Thomson is 60 miles east of Prudhoe Bay and 22 miles east of the trans-Alaska oil pipeline.

It’s estimated to contain 8 trillion cubic feet of natural gas, about 300 million barrels of gas condensate liquids, and traditional crude oil.