Production
Cumulative North Slope oil peaked in 1989 at 2 million barrels per day (320×10
3 m3/d) (Greater Prudhoe Bay: 1.5 million barrels per day (240×10 3 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 (1.7×10 9 m3).As of August 2006, BP estimated that 2 billion barrels (320×10
6 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:
“... this dream that men shall cease to waste strength in competition and shall come to pool their powers of production is coming to pass all over the earth.”
—Jane Addams (18601935)
“[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 Websters clarifying phrase, as an alterant and discutient.”
—State of Utah, U.S. public relief program (1935-1943)
“From the war of nature, from famine and death, the most exalted object which we are capable of conceiving, namely, the production of the higher animals, directly follows. There is grandeur in this view of life, with its several powers, having been breathed into a few forms or into one; and that, whilst this planet has gone cycling on according to the fixed law of gravity, from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.”
—Charles Darwin (18091882)