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:
“Every production of an artist should be the expression of an adventure of his soul.”
—W. Somerset Maugham (1874–1965)
“I really know nothing more criminal, more mean, and more ridiculous than lying. It is the production either of malice, cowardice, or vanity; and generally misses of its aim in every one of these views; for lies are always detected, sooner or later.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“The myth of unlimited production brings war in its train as inevitably as clouds announce a storm.”
—Albert Camus (1913–1960)