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To: All

Let’s keep in mind here that NPR-A has already been determined to be largely empty and so this is somewhat silly. As you can see here:

2002 — “The assessment estimates (Table 1) that there is between 5.9 and 13.2 billion barrels of oil (BBO) of technically recoverable oil and between 39.1 and 83.2 trillion cubic feet (TCF) of natural gas on federal lands within NRPA.”

In January last year, after exploratory drilling was completed in the most promising locales based on seismic studies, the USGS released this assessment:

2010: An assessment by the United States Geological Survey (USGS) in 2010 estimated that the amount of oil yet to be discovered in the NPRA is only one-tenth of what was believed to be there in the previous assessment, completed in 2002.[2]
The new USGS estimate now says the NPRA contained approximately “896 million barrels of conventional, undiscovered oil”.[2] The reason for the decrease is because of new exploratory drilling, which showed that many areas that were believed to hold oil actually hold natural gas.
The estimates of the amount of undiscovered natural gas in the region also fell, from “61 trillion cubic feet of undiscovered, conventional, non-associated gas” in the 2002 estimate, to 53 trillion cubic feet in the 2010 estimate.

This is a gas field, not an oil field.

896 million barrels is worth going after, but a field like that is only going to do maybe 50,000 barrels/day. That doesn’t come close to offsetting the plummet in Prudhoe Bay’s production, which was multiple million barrels/day at one point and is now down to just 600K bpd, and falling relentlessly every year as the field dies/goes empty.


6 posted on 06/16/2011 3:17:15 PM PDT by Owen
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To: Owen
ConocoPhillips certainly believes it is worth going after and will produce greater than 50,000 bpd. I was on the design team for them back in 2005 for these first production sites. They have 4 planned already. They have argued against this assessments as their own drilling has shown differently.

It is very light oil and condensate, even higher that what has been produced from the nearby Alpine and Fjord fields.

11 posted on 06/17/2011 4:50:47 AM PDT by thackney (life is fragile, handle with prayer)
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