ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

The North Slope in Alaska was once described as a ‘super basin’ for oil, which is why there could be a huge increase in oil exploration in this region within the next few years.

Peninsula Clarion reported that oil exploration and rig activity could be the highest it has been in 20 years in 2019, according to state officials.

Department of Natural Resources’ (DNR) deputy commission Sara Longan was one of the officials who spoke to the Alaska Senate Finance Committee last week about the future of the Alaskan oil industry.

Ms Longan was quoted by the publication as saying: “The classification of the North Slope as a super basin is a pretty big darn deal.”

She went on to say: “There’s so much undiscovered potential in Cook Inlet also, that industry’s going to keep looking at Alaska to invest money.”

While DNR has been optimistic about the increase in oil output from the North Slope, Graham Smith, permitting section manager for the Division of Oil and Gas told the publication that figures could be even higher than expected.

He noted there might be over 20 oilrigs in the North Slope and Cook Inlet in 2019, which is five more than the DNR was aiming for.

This comes after research firm IHS Markit said the North Slope in Alaska was a ‘super basin’ for crude oil, and crude oil output could even rise by 40 per cent before 2027.

ExxonMobil currently digs for oil in the Alaskan North Slope, with production having begun here in 1977. It markets around 110kBd of crude oil from this region, mostly to those on the west coast of America.

Electron beam services can be used in oil exploration – get in touch with us today to find out more about its use in the industry.