North slope slow down: majors pull back on Alaska investments, exploration.
Alaska Business Monthly › Vol. 26 Nbr. 3, March 2010
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OIL & GAS
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North slope slow down: majors pull back on Alaska investments, exploration.
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For many years, the North Slope of Alaska has provided oil, gas, jobs and opportunities for Alaskans. Yet with each year that passes, the ability to get "easy oil" decreases, requiring companies to make more of an investment in exploration and drilling, as well as make major investments in new technologies to harvest the oil that remains. According to the Alaska Oil and Gas Association (AOGA), the long-term outlook for oil on the North Slope is one of gradual decline. The state expects average daily production in fiscal year 2009 to drop to 689,000 b...See the full content of this document
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