Naval Petroleum and Oil Shale Reserves. Annual report of operations, fiscal year 1983
Technical Report
·
OSTI ID:6927052
Naval Petroleum Reserve No. 1 (NPR-1) in California and Naval Petroleum Reserve No. 3 (NPR-3) in Wyoming continued to be operated at their maximum efficient rates of production during FY 1983. The Government-owned portion of Naval Petroleum Reserve No. 2 in California continued to be leased to private operators as it has been for over 50 years, with the Government receiving a royalty share of production from the leases. All of the Government's share of crude oil produced at the Petroleum Reserves during FY 1983 was sold to the Department of Defense, while natural gas and natural gas liquids were sold competitively on the open market. FY 1983 revenues from the three Naval Petroleum Reserves totaled over $1.5 billion in general receipts and Windfall Profit Taxes. Program expenditures totaled approximately $220 million. The drilling of new wells continued to be an important factor in maintaining the production of NPR-1 and NPR-3 at maximum efficient rates, and it is expected that the primary drilling phase will be concluded in FY 1984. None of the three Naval Oil Shale Reserves has been developed on a commercial scale, and activities concerning these Reserves now focus on identifying potential problems that might restrict development should economic or strategic conditions make it desirable to tap these oil shale resources. Overall, the Naval Petroleum and Oil Shale Reserves program continues to benefit from excellent management, and effective and economic field operations.
- Research Organization:
- USDOE Assistant Secretary for Fossil Energy, Washington, DC. Office of Naval Petroleum and Oil Shale Reserves
- OSTI ID:
- 6927052
- Report Number(s):
- DOE/FE-0039; ON: DE84013544
- Country of Publication:
- United States
- Language:
- English
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