Data shows steep Prudhoe Bay production decline

10/02/2000
Decline curve analysis illustrates the continuing steep decrease in oil production from the Prudhoe Bay field on Alaska's North Slope and suggests that the field may reach its economic limit earlier than other published analyses.This study includes only the Sadlerochit sand, the main reservoir in the field, and it uses publicly available data from Alaska's Oil & Gas Conservation Commission (AOGCC) and Department of Natural Resources (DNR).This analysis indicates a field-wide decline of 7-12%/year, the rate established since 1991. With a decline rate of 12%/year, the field's economic limit may be reached as early as 2010.This compares with DNR's forecast of about a 4%/year ...
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