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Re: How large is Prudhoe Bay? (Score: 1)
by tdrive (tdrive at vpetrov dot com) on Sunday, July 11 @ 21:43:09 PDT
(User Info ) | The NPP-A potential has been known since c.a. 1920. According to the USGS report in 2002:
http://geopubs.wr.usgs.gov/fact-sheet/fs045-02/
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A new USGS assessment concludes that NPRA holds signicantly greater petroleum resources than previously estimated. Technically recoverable, undiscovered oil beneath the Federal part of NPRA likely ranges between 5.9 and 13.2 billion barrels, with a mean (expected) value of 9.3 billion barrels. An estimated 1.3 to 5.6 billion barrels of those technically recoverable oil resources is economically recoverable at market prices of $22 to $30 per barrel. Technically recoverable, undiscovered nonassociated natural gas for the same area likely ranges between 39.1 and 83.2 trillion cubic feet, with a mean (expected) value of 59.7 trillion cubic feet. The economic viability of this gas will depend on the availability of a natural-gas pipeline for transport to market.
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With current world oil consumption of 25+ bby, this is what it is, just an emergency preserve, only a bit larger. On top of that, yet undeveloped.
Move on.
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