Arctic National Wildlife Refuge (ANWR) 1002 Area
According to the most recent
USGS assessment,
which occurred in 1998, the ANWR 1002 area is estimated to contain between 6
and 16 billion barrels of technically recoverable oil and the mean estimate is
over 10 billion. No significant seismic analysis has ever been
done in ANWR and no exploratory drilling has ever occurred,
other than a
single test well
on Native lands, the results of which have never been released.
The
western edge of the ANWR 1002 area lies about 65 miles East of
Prudhoe Bay, which contains the
largest land based oil discovery ever made in the U.S. and is the
origination point for the
Trans-Alaska Pipeline System (TAPS).
The known geology of the 1002 area, the proximity to Prudhoe Bay, large deposits
of oil and gas discovered just a kilometer from ANWR's western edge, and
other discoveries offshore along the
coast of ANWR indicate that the high estimate may be more likely.
The
EIA AEO 2008 ANWR access case
assumes that first production would occur 10 years after the enactment of
legislation opening ANWR to oil and gas leasing. This
assumption
is based on the following timeline:
• 2 to 3 years to obtain U.S. Bureau of Land Management (BLM) leases.
• 2 to 3 years to drill a single exploratory well, due to the limited
winter drilling season.
• 1 to 2 years to develop a production development plan and obtain BLM
approval for that plan.
• 3 to 4 years to construct the necessary infrastructure and to drill
and complete development wells.
In the EIA ANWR access case,
production rates
range from about 800,000 barrels per day to about 1.9 million
barrels per day and depend on very conservative estimates regarding the
size of the fields discovered, the quality of the oil found, and the
specific characteristics of the reservoirs. Larger fields and/or
more viscous oils than assumed could substantially increase production
rates.
The cost of producing oil from ANWR was estimated at
$25 per barrel in 2000. The low production costs,
the proximity to TAPS, the other infrastructure available
nearby, and vertical drilling technology would suggest that, if the
bureaucratic/regulatory delays and environmental
challenges can be minimized, oil could be flowing from ANWR in 2 - 3
years or less and reach maximum production rates within 4 - 5 years.
Legislation would be required to shorten the 10 year time period in the EIA forecast.
Due to the long and colorful
political history of ANWR,
with
several attempts to open it for oil exploration and production thwarted
by Congress and environmentalists, the type of legislation required to
speed up development is not assured. One of the main reasons given by opponents to ANWR
exploitation is that it would
affect the calving grounds of the Porcupine caribou. Experience
with North Slope development and production and TAPS construction and
operations suggest those
fears are misguided. Recent development plans for the nearby
Sourdough field
may force the federal government's hand or cost us the royalties we might
otherwise receive for ANWR oil.
Additional ANWR resources
Sourdough - Forbes 1997
Sourdough Legal Opinion
EIA - Potential Production Estimates
Potential Recoverable Oil in ANWR and Production Rates
FWS: Arctic Refuge: Oil and Gas Issues
EIA - 2008 Analysis of Crude Oil Production in ANWR
EIA AEO 2008 - Oil and Gas Assumptions
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