|
|
Article: ANWR coastal plain development holds great promise for the future. (Arctic National Wildlife Refuge)
- Article from:
- The Oil Daily
- Article date:
- January 26, 1987
- Author:
CopyrightCOPYRIGHT 1987 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ANWR Coastal Plain Development Holds Great Promise for the Future
CURRENTLY, ALASKA SUPPLIES our Nation with approximately 20 percent of its total domestic production. Lead times are long in frontier Alaska regions--at least 10 years from discovery to first production, but more likely to extend as long as 15 years in the case of the ANWR coastal plain. Without significant new discoveries, our national could be dependent upon foreign sources for 60-75 percent of its petroleum needs within the next 10-15 years, almost double the present level of dependency.
Production from existing Arctic Alaska oil fields which are presently being produced at about 1.8 ...