Lower prices wreak havoc on Alaska oil patch
The decline in oil prices has slowed drilling activity at Prudhoe Bay even while offshore field construction work continues. By winter, the layoff of about 14 drilling rigs will mean unemployment for an estimated 1400 workers at one field. New construction projects include a plant to process natural gas liquids for the trans-Alaska pipeline and a miscible injection project. The potential of the limestone reservoir at the Lisburne field will remain an unknown until information is available on the effects of gas injection and waterflooding. The author describes work in progress at Lisburne, Kuparuk River, Endicott, and Milne Point Fields to illustrate the bleak prospects for North Slope development. Higher prices in the future, however, will leave the US with large reserves to develop if the companies can weather the lean years. 1 figure.
- OSTI ID:
- 5671181
- Journal Information:
- Alaska Constr. Oil; (United States), Vol. 27:7
- Country of Publication:
- United States
- Language:
- English
Similar Records
Oil and gas development in Alaska in 1987
Arctic summary report. [Contains glossary]
Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
ALASKA
PETROLEUM INDUSTRY
ECONOMICS
PRUDHOE BAY
OIL FIELDS
EXPLORATION
MISCIBLE-PHASE DISPLACEMENT
PETROLEUM DEPOSITS
PRICES
WATERFLOODING
WELL STIMULATION
ARCTIC OCEAN
BAYS
BEAUFORT SEA
FEDERAL REGION X
FLUID INJECTION
GEOLOGIC DEPOSITS
INDUSTRY
MINERAL RESOURCES
NORTH AMERICA
RESOURCES
SEAS
STIMULATION
SURFACE WATERS
USA
020300* - Petroleum- Drilling & Production
020700 - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum