DOE: Northern Alaska could offer 36 Bbbl oil, 137 Tcf of gas

Oil & Gas Investor,  March, 2008  by Anonymous

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The U.S. Department of Energy reports additional reserves have been discovered due to updated projections on Alaska's North Slope. "Reserve projections were made from an oil-centered nearterm perspective (2005 to 2015) and long term (2015 to 2050) marked by the emergence of gas as a major factor in E&P activities," the DOE reports in "Alaska North Slope Oil and Gas: A Promising Future or an Area in Decline?"

The key findings assume that a gas pipeline is in place by 2016, oil and gas prices remain at current levels, federal and Alaskan fiscal policies remain stable, ...

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