300 million barrels, it's going to be COMMERCIAL....Big Time! Wouldn't that be $30+ billion?, not sure if my math is correct, but $30+ billion buck, is alot of money, no matter who's counting.
That is not entirely true. The Beaufort sea is a very shallow sea just North of Prudhoe Bay. It would not be too expensive to lay a pipeline from the production field to the Alaska Pipeline and Alyeska would probably incentivate them for doing so as this would keep that piepline viable for at least another 3 to 5 years.
Our 300 Million barrel field is large but the ecnomics associated deep water and starting at square-one put the hurdle rate probably above 1 billion barrels (cumulative)
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