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Dems introduce alternative to Parnell oil bill

...Slope for the first seven years of production.Producers could also get a 10 percent gross revenue exclusion for heavy oil production, new areas in legacy fields, or barrels of oil exceeding the amount they produced last year."The bottom line...
Senate urges $6 billion oil investment on North Slope

...Thomson field east of Prudhoe Bay and the National Petroleum Reserve-Alaska west of Prudhoe Bay, and to boost heavy oil production at West Sak, Revenue reported. The department's spring forecast shows those three fields supplying almost 20...
Overlooked 'heavy oil' may be in North Slope and Alaska's economic future

...100 million pilot project at the Milne Point field testing whether it can overcome the technical challenges of heavy oil production, said Eric West, who is managing the project for BP. "This thing could be really big," West said. There...
Alaska Digest

...industry officials about corrosion risks throughout the aging Trans-Alaska Pipeline System, particularly as heavy oil production is increasing. "We're going to delve into the issue of what's the potential risk for any big future, I guess...
My turn: Alaska's Clear and Equitable Share measure is successful

...substantial and should be factored into the tax rate. This means that for more challenging developments, like heavy oil production with its much higher costs, or extended reach horizontal wells, the law lets those costs be deducted from revenues...
'Heavy oil' may be future for North Slope

...Division of Oil and Gas reports heavy oil production accounts for about 6.5 percent...Nikaitchuq project focuses partly on heavy oil production, according to the division...division deputy director. Heavy oil production, however, takes a lot of...
No Alaska exploratory wells in 2011, company says

...2010 on the Alaska North Slope. Johansen said his company sees potential in offshore drilling and viscous and heavy oil production. But he said Alaska's investment climate, taxes and maintenance troubles on the trans-Alaska oil pipeline...
Regional News
Oil companies plan to expand heavy oil production at West Sak

ConocoPhillips and BP plan to spend $500 million in the largest-ever heavy oil development program in Alaska.
Companies move into producing North Slope's heavy oil

...resident who helps run BP's new Schrader Bluff heavy oil production pad in the declining Milne Point field, the their enthusiasm. They caution that boosting heavy oil production means proving up new technology, weathering possible...
BP looking to emerge from rough few years

...It's a five-year program to prove we can manage the risks and we can find the technology." While BP pursues heavy oil production, it also has its eye on the development of 35 trillion cubic feet of known natural gas reserves. Those field...


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