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A large oil discovery in Alaska
Date: 10/05/2016 10:49
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Information / Baghdad ..
Energy company "Caelus Energy" announced a significant oil discovery in the US state of Alaska in the north-western Canada, and that according to newspaper "The Wall Street Journal."
The company expects to extract between 1.8 and 2.4 million barrels of oil equivalent to 231-240 million tons of new oil field, which is located in the north of the state, just 300 miles (more than 480 kilometers) from the Arctic Circle.
And if it was true the company estimates that it will be much larger than the oil detection coasts of Guyana field (South America), announced by the energy giant "ExxonMobil" in 2015. She said, "ExxonMobil" the time that disclosure will provide 200 thousand barrels of light oil per day .
Plans "Caelus Energy" to build a pipeline under the water along the 125 miles (about 200 kilometers) $ 800 million for the transfer of oil from new oil field, the more likely the project will receive support from the US government because of the low currently crude oil prices in the global markets which impacted negatively on profitability.
The decline in oil prices in recent years to a decline in the business of exploration and extraction in the Arctic, and in the case failed to Alaska, which is the largest US state in terms of area, an increase in oil production will face the risk of collapse of the economy and the oil industry have.
Said Bill Walker, the governor of Alaska: "The new discovery underscores the importance of further study in the Arctic." Finished / 25
http://almaalomah.info/2016/10/05/economic/92246
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