With Prudhoe Bay in decline; What's next for Alaska

Journal Article · Mon Aug 03 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7283427

Davis, J M; Pollock, J R ^[1]

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1. ARCO Alaska Inc., Anchorage, AK (US)

Almost every day, it seems, someone is mentioning Prudhoe Bay---its development activities, the direction of its oil production, and more recently its decline rate. Almost as frequently, someone is mentioning the number of companies abandoning exploration in Alaska. The state faces a double-edged dilemma: decline of its most important oil field and a diminished effort to find a replacement for the lost production. ARCO has seen the Prudhoe Bay decline coming for some time and has been planning for it. We have reduced staff, and ARCO and BP Exploration are finding cost-effective ways to work more closely together through such vehicles as shared services. At the same time, ARCO is continuing its high level of Alaskan exploration. This article will assess the future of Prudhoe Bay from a technical perspective, review ARCO's exploration plans for Alaska, and suggest what the state can do to encourage other companies to invest in this crucial producing region and exploratory frontier.

• OSTI ID: 7283427
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:31; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ALASKA
ARCTIC OCEAN
BAYS
BEAUFORT SEA
COASTAL WATERS
DEVELOPED COUNTRIES
ECONOMIC ANALYSIS
ECONOMICS
EXPLORATION
FORECASTING
GEOLOGIC DEPOSITS
INVESTMENT
MINERAL RESOURCES
NORTH AMERICA
OIL FIELDS
OIL WELLS
PETROLEUM DEPOSITS
PLANNING
PRUDHOE BAY
RESOURCES
RISK ASSESSMENT
SEAS
SURFACE WATERS
USA
WELLS