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Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope. It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0 × 10 9 m 3 ) of oil. [ 1 ]
A map of northern Alaska showing the location of the National Petroleum Reserve-Alaska (NPRA). The National Petroleum Reserve in Alaska (NPRA) is an area of land on the Alaska North Slope owned by the United States federal government and managed by the Department of the Interior, Bureau of Land Management (BLM). [1]
Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, allowing it to disperse checks to Alaska residents. The US is considering a sovereign wealth fund.
Map from the US Bureau of Land Management showing structures that create the oil fields in Alaska North Slope geologic cross section Geophysical Service Inc. seismic exploration crew, Deadhorse, Alaska, 1981. Under the North Slope is an ancient seabed, which now contains large amounts of petroleum. Within the North Slope, there is a geological ...
In April 1969 Sinclair Oil discovered oil at the Ugnu Number 1 well, named for the nearby Ugnuravik River. [2] Oil was found in the Kuparuk sandstone on the Colville structure. [3] In 1979 ARCO announced first production, and planned to start in 1982. Production actually began December 13, 1981, on five small gravel drilling pads.
The Biden administration issued a long-awaited study Wednesday that recommends allowing a major oil development on Alaska's North Slope, and the move — while not final — drew immediate anger ...
The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as ...