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Revenues from petroleum production supply most of the revenue for unrestricted general funds for the State of Alaska. As such, variations in the price of oil, decline from existing production and new developments greatly affect the money available for the state to spend on everything from roads to education. This study reviewed all producing oil fields on the North Slope, characterized their reservoir performance and forecasted future production. This was coupled with analysis of recent exploration discoveries and ongoing project developments to forecast future North Slope production and create potential royalty and production tax revenue forecasts. After 40 years of production, Prudhoe Bay remains the dominant field on the North Slope, accounting for 45% of current production. Relatively large changes in the non-anchor field pools are only able to change North Slope production by a couple of percent due to the nature of their size compared to Prudhoe Bay, Kuparuk and Alpine. New developments however, are able to materially contribute to changes in North Slope production if they are large enough. With continued activity in the many fields, creating an accurate forecast is challenging, however, without new developments, the Trans Alaska Pipeline will need to make changes to accommodate low flow rates. Currently identified new developments have the potential to extend current production rates 10-20 years. Some of these announced developments and discoveries have announced productivity rates that are not realistic compared to analog well performance, and will likely require many more wells to achieve the announced rates and volumes.
This book identifies accumulated environmental, social and economic effects of oil and gas leasing, exploration, and production on Alaska's North Slope. Economic benefits to the region have been accompanied by effects of the roads, infrastructure and activies of oil and gas production on the terrain, plants, animals and peoples of the North Slope. While attempts by the oil industry and regulatory agencies have reduced many of the environmental effects, they have not been eliminated. The book makes recommendations for further environmental research related to environmental effects.
This book identifies accumulated environmental, social and economic effects of oil and gas leasing, exploration, and production on Alaska's North Slope. Economic benefits to the region have been accompanied by effects of the roads, infrastructure and activies of oil and gas production on the terrain, plants, animals and peoples of the North Slope. While attempts by the oil industry and regulatory agencies have reduced many of the environmental effects, they have not been eliminated. The book makes recommendations for further environmental research related to environmental effects.
One issue each year devoted to the annual report.