September 2015 – Welcome

Alaska LNG Project may opt for larger pipe diameter: Governor

September 6, 2015

Alaska gas producers are considering expanding the pipeline size for the planned $50 billion-plus Alaska LNG Project from 42 inch to 48 diameter pipe, Gov. Bill Walker said Friday in an interview. The state of Alaska is a partner in the project with producers BP, ConocoPhillips and ExxonMobil. Walker has pushed for the larger pipe size to provide capacity for shipping more North Slope gas, the governor said. “If the pipe is expanded the state and the producers have agreed…

Prudhoe will produce 14 billion barrels of oil, companies now say

September 6, 2015

Prudhoe Bay producers now expect to ultimately recover 14.1 million-14.2 billion barrels of oil from the giant Alaska North Slope field, about 60% of the estimated oil in place in the reservoir rock, company managers said. That’s up from 9.6 billion barrels, a 40% recovery, estimated when Prudhoe was first discovered in 1968. “The Prudhoe producers have done a very good job of maximizing recovery, and they’ve had a very high quality reservoir to work with,” said Mark Myers, Alaska’s…