North Slope Slated for More Projects

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by Your Alaska Link News Team

ANCHORAGE-Officials with Conoco say the future of Alaska's oil is bright. After reopening a plant in Nikiski. The North Slope is their primary focus, but not without challenges.

"the biggest challenge is around the success of the lower 48," said Trond-Erik Johansen, President of ConocoPhillips.Johansen says the switch from the U.S. being an exporter to an importer means Alaska has some serious competition from sister states in the lower 48.

Only a few decades ago, Alaska and Texas were the kings of US oil production. California is actually producing more than the last frontier on an average day. Something they are seeing now on the slope is oil and water.

Johansen jokes they are more in the business of water purification instead of drilling oil. He says on average they encounter 2.4B of water each day.

Johansen says the Make Alaska More Production Act allows oil companies an opportunity to focus less on machine maintenance and more on investments.

In August, voters will have a chance to repeal the oil tax during primary elections.


 

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