Conventional Hydrocarbons in the United States Arctic: An Industry Appraisal
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Arctic crude oil production has greatly improved the overall energy security of the United States. For example, crude oil from the onshore Prudhoe Bay field on the Alaskan North Slope already is the largest single source of domestically produced supply in the United States. Discovered in 1968 at the edge of the Beaufort Sea and first brought into production in 1977 upon completion of the 800-mile-long Trans-Alaska Pipeline System between Prudhoe Bay and the ice-free port of Valdez, this field currently yields over 1.5 million barrels of crude oil per day of the total United States crude oil production of 8.6 million barrels per day.
KeywordsUnited States Geological Survey General Account Office Conventional Hydrocarbon Trillion Cubic Foot American Petroleum Institute Gravity
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