Economics of Prudhoe Bay field--comparison with Bell Creek field
An economic model of Prudhoe Bay field based on the discounted cash-flow method uses the following assumptions: (1) 7.5 billion bbl of recoverable oil; (2) an average IP rate of 4,000 bbl/well/day; (3) a peak production rate of 1.6 million bpd; and (4) a discount factor of 15%. The model gives a producing cost (no exploratory or lease costs included) of $0.28/bbl. A similar economic model for the Trans Alaska Pipeline gives a pipeline cost of $0.45/bbl. for transport from Prudhoe Bay to Valdez. Tanker costs from Valdez to Los Angeles are estimated at $0.30/bbl. For comparative purposes a model of Bell Creek field, Montana, was made along the same lines as the Prudhoe Bay model. Actual producing rates of Bell Creek field were used, and the expected ultimate recovery is assumed to be 150 million bbl. The model gives a production cost of $0.58/bbl at Bell Creek.
- Research Organization:
- Continental Oil Co
- OSTI ID:
- 6125345
- Report Number(s):
- CONF-710236-
- Journal Information:
- Am. Assoc. Pet. Geol. Bull.; (United States), Journal Name: Am. Assoc. Pet. Geol. Bull.; (United States) Vol. 54:12; ISSN AAPGB
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
ALASKA
ARCTIC OCEAN
BAYS
BEAUFORT SEA
COMPARATIVE EVALUATIONS
COST
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
MINERAL RESOURCES
MONTANA
NORTH AMERICA
OIL FIELDS
OIL WELLS
PACIFIC NORTHWEST REGION
PETROLEUM
PETROLEUM DEPOSITS
PRODUCTION
PRUDHOE BAY
RESOURCES
ROCKY MOUNTAIN REGION
SEAS
SHIPS
SURFACE WATERS
TANKER SHIPS
USA
WELLS