Tuesday, May 10, 2016

Alaska North Slope Oil Production Reverses 25 year decline in 2016

For the first time since 1990, Alaska north slope oil production has increased year-on-year.  It is up about 1% in the Jan-Apr 2016 period over the same interval in 2015, despite some early maintenance that took much of the area offline in late April.  The slope still only produces about 25% of its peak production, which occurred around 1990.

Last year, Jan-Apr averaged 531K BOPD, and this year it grew to 535.5K.

The primary field level drivers were Kuparuk and Alpine, which saw large % increases in Feb-Apr of this year.