COP's Willow Project.
To put that in perspective:
- the Bakken will easily produce one million bbls of crude oil per day for three decades
- it currently produces in excess of one million bopd
- the Bakken will produce upwards of 400 million bbls each year
- compare with the article below:
- less than 200,000 bopd
- a total output of 590 million bbls by 2050
- the Bakken will do in excess of 600 million bbls every two years.
Disclaimer: I am inappropriately exuberant about the Bakken. I often make simple arithmetic errors. I often misread things. If this is important to you, go to the source.
Let's see:- $8 billion / 590 million bbls = $14 / bbl
- does one think it's cheaper to drill, gather, and transport oil from Alaska than it is from North Dakota?
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