Oil Production.pptVIP

Oil Discoveries Inc. Jillian, Kevin, Nicole and David Overview History and Purpose Exploratory Drilling Oil Production Transportation Environmental Impacts Conclusion and Recommendations What is our purpose ? Exploratory corporation that is responsible for conducting oil drilling site assessments Goal : To give Columbia Gas a well researched recommendation on drilling in Alaskan Arctic National Refuge Arctic National Wildlife Refuge Located in Northern Alaska composed of over 43 million acres of land Considered to be one of the most pristine environments in the nation History of ANWR Was first discovered in 1923 by President Warren Harding Leasing of Land Neighboring sites are Huge oil producers!!! - South Barrow Field - Prudhoe Bay What is the confusion ? Every company wants to have a good public image… Is the monetary profit worth the possible loss of good standing with the public if drilling is not environmentally safe ? “1002 Area” 1.5 million acre section of the ANWR Legislation will soon decide its fate Over 10 billion barrels of drillable oil in this site Oil Reserves 95% chance of finding 1.9 billion barrels 50% chance of finding 5.3 billion barrels 5% chance of finding 9.4 billion barrels Columbia Gas: 3.4 billion barrels with a 75% guarantee of finding a profitable amount of oil. What does this have to do with Columbia Gas? Well… let’s start with oil prices and demands : Materials and Methods Steps of Oil Production Seismic Surveying Exploratory Well Drilling Construction Development Pipelines Estimated Oil Production Neighboring Prudhoe Bay is estimated to produce 312 million barrels per year. Serviced by 1300 wells. Approximately 240,000 barrels per well per year. 14,500 production wells required of the “1002 Area”. Drilling Pads Space 16,000 feet apart. Each pad can drain 4,600 acres. 326 drilling pads will be required for oil production in the “1002 Area”. 45 wells will be installed per pad. Estimated Number of Exploratory Wel