Tuesday, March 25, 2014

Alaska North Slope Oil Production Holding Steady, Down 4.3% YOY

As summer maintenance season approaches, bringing field shutdowns and erratic swings in production data, the story thus far in 2014 reveals a net 4.3% decline vs the same period in 2013.  That is a bit steeper than last year's full-year 2.9% decline, but flatter than the 5%+ declines in 2011 and 2012.  Production has been close to 542K BOPD recently.

See the PDF Report for field by field data, which details the improved field performance at Kuparuk, offsetting declines at Prudhoe and Alpine.