EIA says ANWR likely has 5.7 billion bbl of recoverable oil


WASHINGTON, DC�The US Energy Information Administration has reported that the coastal plain of the Arctic National Wildlife Refuge could contain as much as 16 billion bbl of recoverable oil, much of it economically recoverable.

Senate Energy Committee Chairman Frank Murkowski (R-Alas.) had requested the report. He pushed a bill earlier this year to allow ANWR leasing and has inserted the measure in a recent comprehensive energy bill. The Clinton administration strongly opposes ANWR development.

The EIA report, using US Geologic Survey data, projected a 95% probability of there being at least 5.7 billion bbl of oil in ANWR, a 5% probability of at least 16 billion bbl, and a mean value of 10.3 billion bbl. It said production could peak at 0.6-1.9 million b/d and could be maintained for more than 30 years.

Economics, environment
Murkowski said, at current prices, all of the technically recoverable oil found on the coastal plain would be commercially viable to produce.

He said the study by EIA, an independent agency within the US Department of Energy, estimated the US has 23 billion bbl of undiscovered, technically recoverable oil in the onshore Lower 48 states.

�ANWR could yield more than 16 billion bbl of oil over its lifetime, yet this administration has ignored that resource in favor of begging the Organization of Petroleum Exporting Countries to send us more oil. Their reason has been protecting the environment,� Murkowski said.

He said oil exploration would only occur on 1.5 million acres of the 19 million million-acre coastal plain, and development could be limited to 2,000 acres.

Murkowski sees no environmental reasons that should preclude ANWR development. He said Alaska already has 192 million acres of parks, refuges, preserves, and conservation areas�including 58 million acres of designated wilderness equal to the size of Pennsylvania, New Jersey, West Virginia, and Maryland combined.

�Further, the coastal plain is not an untouched area. It has the village of Kaktovik with 222 residents as well as a number of old radar sites. None of this human habitation has disturbed the caribou or other wildlife,� he said.

Related Articles

BHP Billiton still interpreting deepwater Trinidad and Tobago seismic data

07/22/2015 BHP Billiton, the operator of all of the deepwater blocks awarded by Trinidad and Tobago, has said it will decide how many wells it will drill base...

BLM extends comment period for Colorado oil, gas project’s EA

07/21/2015 The US Bureau of Land Management has extended the comment period for a preliminary environmental assessment (EA) of a proposed oil and gas project ...

Geophysical surveys due onshore Tanzania

07/21/2015 Tanzania Petroleum Development Corp. has let a contract to CGG for geophysical surveys over two onshore areas in preparation for future licensing r...

URTeC: Shell’s Hackbarth says unconventional innovation begins with data

07/20/2015 Operators should resist the impulse to pull back on investments in technology despite a down oil market, said Claudia J. Hackbarth, manager, unconv...

Nile Delta gas strike due on production

07/20/2015

Eni SPA said a natural gas discovery on the Nooros prospect in Egypt will be placed on production at an unspecified rate within 2 months.

URTeC: Panel sees resiliency in unconventional space

07/20/2015 Panelists commented on future recovery of oil prices and the growth of unconventional drilling, then took questions from an overflow audience durin...

BHI: US rig count falls 6 units to 857

07/17/2015 The US drilling rig count fell 6 units to reach 857 during the week ended July 17, essentially cancelling out the last 3 weeks’ worth of gains, acc...

Aussie, Timor-Leste regulators terminate Timor Gap permit

07/17/2015 Regulators in Australia and Timor-Leste have now formally terminated Timor Gap production-sharing contract JPDA 06-103, which leaves Australian com...

ENOC trims Turkmen plan in Dragon takeover

07/16/2015 Emirates National Oil Co. Ltd. (ENOC), Dubai, will lower target oil production from the Cheleken area offshore Turkmenistan after acquiring full co...
White Papers

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by
Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST


Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected