Planning Sohio's energy future

Journal Article · · Sohioan; (United States)

OSTI ID:5575324

Apelt, B

Sohio's future plans as the major investor in the Prudhoe Bay oil field and pipeline are to put 80 to 90% of its capital investment into exploring for domestic energy. While most of the investment will go for conventional fossil fuels, some will be spent on shale oil, coal gasification, biomass, and solar energy. The company will also explore new business opportunities which build on the skills employees already have. Corporate planner, David Atton, will adjust Sohio's investments in accordance with government tax policies and with an evaluation of the future roles of new business ventures, such as new technologies. Prudhoe Bay income will be used to explore new sites in the Gulf of Mexico, off the California coast, and in Alaska and to market the Prudhoe Bay natural gas. Sohio will expand its coal and uranium operations, upgrade refineries, expand fertilizer and chemical plants, and produce synthetic fuels. The need for positive government incentives is emphasized. (DCK)

• OSTI ID: 5575324
• Journal Information: Sohioan; (United States), Journal Name: Sohioan; (United States) Vol. 51:4; ISSN SOHID
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200 -- Petroleum-- Reserves
Geology
& Exploration
29 ENERGY PLANNING, POLICY, AND ECONOMY
294000* -- Energy Planning & Policy-- Fossil Fuels
ARCTIC OCEAN
BEAUFORT SEA
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
EXPLORATION
FOSSIL FUELS
FUELS
INCOME
INDUSTRY
INVESTMENT
PETROLEUM INDUSTRY
PLANNING
PRUDHOE BAY
SEAS
SURFACE WATERS