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:
“[T]he asphaltum contains an exactly requisite amount of sulphides for production of rubber tires. This brown material also contains “ichthyol,” a medicinal preparation used externally, in Webster’s clarifying phrase, “as an alterant and discutient.””
—State of Utah, U.S. public relief program (1935-1943)
“The growing of food and the growing of children are both vital to the family’s survival.... Who would dare make the judgment that holding your youngest baby on your lap is less important than weeding a few more yards in the maize field? Yet this is the judgment our society makes constantly. Production of autos, canned soup, advertising copy is important. Housework—cleaning, feeding, and caring—is unimportant.”
—Debbie Taylor (20th century)
“Just as modern mass production requires the standardization of commodities, so the social process requires standardization of man, and this standardization is called equality.”
—Erich Fromm (1900–1980)