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Page added on November 1, 2012
Alaska North Slope Output Rises as Prudhoe Bay Ramps Up
Alaska North Slope oil production increased 11 percent in October from a month earlier as fields in Prudhoe Bay ramped up production.
Output averaged 571,269 barrels a day in October, up from 516,296 in September, the state’s tax division said on its website today.
“This was part of the normal ramp-up following the planned summer maintenance season,” Dawn Patience, a spokeswoman for BP Plc (BP/) spokeswoman based in Anchorage, said in an e-mail today. “The current production levels are normal.”
October output in the North Slope was down 2.9 percent from the year-earlier period. Production in the area has declined almost every year since 1988 as flows from existing wells shrink and aren’t replaced by new ones.
Prudhoe Bay, where companies including BP and ConocoPhillips (COP) operate fields, accounted for 58 percent of total North Slope production, up from 53 percent in the previous month. Operators in Prudhoe increased output to 328,630 barrels a day from 271,444 in September.
Five BP (BP) sites, including three at Prudhoe Bay, completed turnarounds over the summer, Patience said.
Alaska North Slope crude was priced at $103.83 a barrel today, $16.74 above the U.S. benchmark West Texas Intermediate, according to data compiled by Bloomberg.
4 Comments on "Alaska North Slope Output Rises as Prudhoe Bay Ramps Up"
GregT on Thu, 1st Nov 2012 10:36 pm
U.S. Energy Information Administration
Projected Alaska North Slope oil production at risk beyond 2025 if oil prices drop sharply.
http://www.eia.gov/todayinenergy/detail.cfm?id=7970
BillT on Fri, 2nd Nov 2012 3:29 am
EROEI spelled out in dollar terms: Collapse of the dollar and the US economy (coming soon) = cheaper oil = shut down of most of the difficult sources in the Arctic, Alaska, Canada tar sands, fraking, offshore, etc. What’s left? Russian, and Iranian conventional oil sources and oil puddles scattered around Africa. Nothing the US can control.
SilentRunning on Fri, 2nd Nov 2012 4:12 am
The article’s title is a Disingenuous: The October output only rose because summer maintenance was over. The truth is on display inside the article:
“October output in the North Slope was down 2.9 percent from the year-earlier period. Production in the area has declined almost every year since 1988 as flows from existing wells shrink and aren’t replaced by new ones.”
So a much more truthful title would be: “North Slope production continues to decline”
SOS on Sat, 3rd Nov 2012 9:00 am
The Only sentence that matters: Production in the area has declined almost every year since 1988 as flows from existing wells shrink and aren’t replaced by new ones
That my friends is the story of politics creating peak oil. If the area were open to orderly development production would have been increasing since 1988.