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January 24, 2012

New technology could double North Slope oil production

  • A New Mexico company says it can turn heavy oil into light crude as it's pumped from the ground, allowing the reformulated oil to run through the trans-Alaska pipeline.
    • By MATT BUXTON
    Fairbanks Daily News-Miner

    FAIRBANKS, Alaska — Listen to Alaska politicians for too long and it might sound like throughput in the trans-Alaska pipeline has dwindled to just a trickle of the valuable watery light crude that's grown to be Alaska's lifeblood.

    And after more than 30 years of pumping oil out of the North Slope, it's clear that reserves won't last forever. Estimates put proven reserves at roughly 50 or so years, but that's just the oil that can be shipped with today's technology.


     
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