Production
Cumulative North Slope oil peaked in 1989 at 2 million barrels per day (320×103 m3/d) (Greater Prudhoe Bay: 1.5 million barrels per day (240×103 m3/d), but had fallen to 943,000 barrels per day (149,900 m3/d) in 2005, while Greater Prudhoe averaged 411,000 barrels per day (65,300 m3/d) in December, 2006 and Prudhoe itself averaged 285,000 barrels per day (45,300 m3/d). Total production from 1977 through 2005 was 11 billion barrels (1.7×109 m3).
As of August 2006, BP estimated that 2 billion barrels (320×106 m3) of recoverable oil remain and can be recovered with current technology.
Read more about this topic: Prudhoe Bay Oil Field
Famous quotes containing the word production:
“... if the production of any commodity necessitates the sacrifice of human life, society should do without that commodity, but it can not do without that life.”
—Emma Goldman (1869–1940)
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)
“The society based on production is only productive, not creative.”
—Albert Camus (1913–1960)