ANCHORAGE — A group that promotes Alaska’s resource development says a new oil field that came on line Wednesday on the North Slope is likely the last for at least five years.
The Resource Development Council of Alaska says the volume carried by the trans-Alaska pipeline is declining and Executive Director Jason Brune says the pipeline might not be operational in seven to 10 years.
KTUU reports the new field, the Nikaitchuq unit, will put out about 28,000 barrels a day at its peak. That’s small compared to the 650,000 barrels coming through the pipeline.
State Department of Natural Resources Commissioner Dan Sullivan says it’s working with the industry to keep oil moving.
Juneau Empire ©2014. All Rights Reserved.