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  • What's new in exploration


    Perry A. Fischer, Editor

    NPR-A vs. ANWR. While everyone’s attention was focused on ANWR, the U.S. Geological Survey completed its work on a four-year reassessment of potential oil and gas resources in the nearby National Petroleum Reserve in Alaska (NPR-A) – without the political fallout. The new estimate is that the federal part of NPR-A contains 1.3 to 5.6 billion barrels (Bbbl) of economically recoverable oil, at market prices between $22 and $30/bbl, respectively, and technically recoverable oil between 5.9 and 13.2 Bbbl. Most of the assumed oil resources are believed to lie in the northern third of the vast NPR-A. The previous study – done 21 years ago – did not take into account economics and had reported that technically recoverable oil in the entire NPR-A lie between 0.3 and 5.4 Bbbl.

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