Too little,too late. Anything new won't be on-line for at least 10 years. Meanwhile, total liquids production in 2020 is expected to be around 65 B BPD, if memory serves, down from 85. Anything now is just a bump on the tail. Just like the largest field in NA, Prudhoe, was for us; came online in '77. Peaked '87.
Commercial oil exploration started in Prudhoe Bay in the 1960s and the field was discovered in 1968 by Atlantic Richfield Company, but production did not begin until 1977 when the Alaska Pipeline was completed. The field was initially operated as two separate developments, the BP Western Operating Area (WOA: Oil Rim) and the ARCO Eastern Operating Area (EOA: Gas Cap). Cumulative north slope oil peaked in 1998 at 2 million barrels per day (3,200 m³/d), but had fallen to 943,000 barrels per day (149,900 m³/d) in 2005[2], while Greater Prudhoe averaged 411,000 bbl/d (65,300 m³/d) in December, 2006 and Prudhoe itself averaged 285,000 bbl/d (45,300 m³/d)[3].
en.wikipedia.org |
