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U.S. Geological Survey 2002 petroleum resource assessment of the National Petroleum Reserve in Alaska (NPRA)

Fact Sheet 045-02

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Abstract

A new USGS assessment concludes that NPRA holds signicantly greater petroleum resources than previously estimated. Technically recoverable, undiscovered oil beneath the Federal part of NPRA likely ranges between 5.9 and 13.2 billion barrels, with a mean (expected) value of 9.3 billion barrels. An estimated 1.3 to 5.6 billion barrels of those technically recoverable oil resources is economically recoverable at market prices of $22 to $30 per barrel. Technically recoverable, undiscovered nonassociated natural gas for the same area likely ranges between 39.1 and 83.2 trillion cubic feet, with a mean (expected) value of 59.7 trillion cubic feet. The economic viability of this gas will depend on the availability of a natural-gas pipeline for transport to market.

Additional Publication Details

Publication type:
Report
Publication Subtype:
USGS Numbered Series
Title:
U.S. Geological Survey 2002 petroleum resource assessment of the National Petroleum Reserve in Alaska (NPRA)
Series title:
Fact Sheet
Series number:
045-02
Edition:
-
Year Published:
2002
Language:
ENGLISH
Description:
6 p.