Alaska looks HOT!

Journal Article · Tue Jul 01 04:00:00 EDT 1997 · Hart`s Oil and Gas World

OSTI ID:576350

Belcher, J

Production in Alaska has been sluggish in recent years, with activity in the Prudhoe Bay region in the North Slope on a steady decline. Alaska North Slope (ANS) production topped out in 1988 at 2.037 MMbo/d, with 1.6 MMbo/d from Prudhoe Bay. This year operators expect to produce 788 Mbo/d from Prudhoe Bay, falling to 739 Mbo/d next year. ANS production as a whole should reach 1.3 MMbo/d this year, sliding to 1.29 MMbo/d in 1998. These declining numbers had industry officials and politicians talking about the early death of the Trans-Alaskan Pipeline System-the vital link between ANS crude and markets. But enhanced drilling technology coupled with a vastly improved relationship between the state government and industry have made development in Alaska more economical and attractive. Alaska`s Democratic Gov. Tommy Knowles is fond of telling industry {open_quotes}we`re open for business.{close_quotes} New discoveries on the North Slope and in the Cook Inlet are bringing a renewed sense of optimism to the Alaska exploration and production industry. Attempts by Congress to lift a moratorium on exploration and production activity in the Arctic National Wildlife Refuge (ANWR) have been thwarted thus far, but momentum appears to be with proponents of ANWR drilling.

• OSTI ID: 576350
• Journal Information: Hart`s Oil and Gas World, Journal Name: Hart`s Oil and Gas World Journal Issue: 7 Vol. 89; ISSN 1075-5365; ISSN HOGWF6
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
58 GEOSCIENCES
ALASKA
ALASKAN NORTH SLOPE
EXPLORATION
FORECASTING
NATURAL GAS
NATURAL GAS DEPOSITS
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PRODUCTION
PRUDHOE BAY