March 12, 1968 by ARCO and Exxon's Prudhoe Bay State #1 well
Start of production
June 20, 1977
Peak of production
1.5 million barrels per day (240,000 m3/d)
Peak year
1988
Production
Current production of oil
319,013 barrels per day (~1.590×10^7 t/a)
Year of current production of oil
2023
Estimated oil in place
25,000 million barrels (~3.4×10^9 t)
Estimated gas in place
46,500×10^9 cu ft (1,320×10^9 m3)
Producing formations
Sadlerochit
Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope. It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0×109 m3) of oil.[1] The amount of recoverable oil in the field is more than double that of the next largest field in the United States by acreage (the East Texas Oil Field), while the largest by reserves is the Permian Basin (North America). The field was operated by BP; partners were ExxonMobil and ConocoPhillips until August 2019; when BP sold all its Alaska assets to Hilcorp.[2]
^Prudhoe Bay Fact Sheet Archived 2009-03-26 at the Wayback Machine. BP. August 2006. (Adobe Acrobat *.PDF document)
^"BP sells Alaska assets to Hilcorp Alaska for $5.6 billion". CNBC. August 27, 2019.
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