Alaska North Slope Crude Production Rises to Highest Since March, But Down From Last Year
Photo Credit: Paxson Woelber/flickrOil production in Alaska’s North Slope gained to an eight-month high as producers boosted rates in the Prudhoe Bay and Kuparuk fields following seasonal maintenance.
Output climbed 4.1 percent in November from a month earlier to 556,471 barrels a day, the most since March, data posted on Alaska’s Department of Revenue website show. The yield is down 4.5 percent from year-earlier levels, the agency said.
“BP’s North Slope production has returned to normal after a successful turnaround season,” Dawn Patience, a spokeswoman for London-based BP, Alaska’s largest oil producer, said by telephone from Anchorage.
The North Slope, once the largest crude source for the western U.S., has been producing less oil every year since 2002 as output from wells naturally declines and isn’t replaced. The region’s refiners have increasingly depended on oil imports from overseas and shipments from Canada and other U.S. states to counter the shrinking supply, boosting California’s receipts of oil by rail to a seasonal record.
BP has increased output in Alaska after finishing seasonal maintenance in late September, Patience said. The state’s energy producers typically take advantage of warmer weather, lower yield and pipeline shutdowns during the summer to perform routine maintenance in fields.
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