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North Slope Oil Companies in Alaska Gamble on Heavy Oil for Big Payoff
Production; Extraction; ExplorationBP and ConocoPhillips are betting that heavy oil in Alaska will result in a big payoff.

Heavy oil - which has the consistency of thick molasses instead of olive oil - lies in sandstone above the huge reservoir of North Slope light oil that has been flowing down the trans-Alaska pipeline since 1977. With that reservoir being drawn down, the companies are turning to hard-to-pump heavy oil to extend the life of the oil fields.

Ottawa Citizen

Posted on Saturday, April 30 @ 11:07:44 PDT by Carrie
 
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Re: North Slope Oil Companies in Alaska Gamble on Heavy Oil for Big Payoff (Score: 1)
by killJOY on Sunday, May 01 @ 03:30:58 PDT
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"We are going to find more and more situations where we are going to squeeze every barrel out of the ground."

No doubt.



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