Northern source: Alaska's North Slope contains massive untapped gas reserves
Chevron backs Point Thomson plan
US supermajor Chevron said today it supports ExxonMobil's latest plan to develop the huge Point Thomson gas and condensate field in Alaska.
Earlier this week, ExxonMobil proposed a new development plan that would fast-track drilling on the field.
Alaska began proceedings to cancel the Point Thomson leases in December 2006, claiming ExxonMobil and its partners had failed to put the field into production as stipulated by the leases.
Chevron, which holds a major stake in the ExxonMobil-operated field, said it believes the new plan meets the stated objectives of Alaska's Department of Natural Resources, Reuters reported.