Go Back   This Blue Marble, a Global Current Events Discussion Forum > Main Floor > Economy > Investing for Peak Oil

Investing for Peak Oil Surviving Peak Oil financially is a problem we will all confront sooner or later.

Thread Tools Search this Thread Display Modes
Old 10-08-2012, 05:00 PM   #1
Star Witness
Sonny's Avatar
Join Date: Aug 2008
Location: the safe house
Posts: 5,771
Blog Entries: 1
Thanks: 2,016
Thanked 768 Times in 498 Posts
Default Exxon, Conoco, BP Plan $65 Billion Alaska LNG Project

Exxon, Conoco, BP Plan $65 Billion Alaska LNG Project

Posted 10/04/2012 04:35 PM ET

A planned liquid natural gas pipeline and export terminal in Alaska could cost more than $65 billion to build, an analysis by Exxon Mobil (XOM), ConocoPhillips (COP) and other partners said after months of study.

In a letter to Alaska Gov. Sean Parnell, the four called the plan a "megaproject of unprecedented scale and challenge" and said it would involve 1.7 million tons of steel, a peak construction workforce of up to 15,000, and a permanent workforce in the state of more than 1,000.

"I'm encouraged that the companies have made significant progress in advancing a project and an associated schedule for commercializing North Slope gas," the governor said in a statement. "Clearly, they have fully shifted their efforts to an Alaska LNG project."

The plan to ship natural gas overseas follows previous, competing plans to ship natural gas to the lower 48 states. Traditionally, energy companies have largely used natural gas to pump back into the ground to extract more oil.

The LNG project would be one of the world's largest, given the massive size of the North Slope reserve, which the governor's office put at 35 trillion cubic feet of reserves and more than 200 trillion feet of undiscovered but technically recoverable resources.


Sonny is offline   Reply With Quote
Old 10-08-2012, 08:24 PM   #2
Senior Level 6
Sysiphus's Avatar
Join Date: Aug 2008
Location: Seattle
Posts: 8,588
Thanks: 717
Thanked 1,905 Times in 1,089 Posts
Wow - only 1,000 permanent workers for a $65B project must be some kind of record.
Quis custodiet ipsos custodes?
Sysiphus is offline   Reply With Quote

$65, alaska, billion, conoco, exxon, lng, plan, project

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -4. The time now is 01:11 AM.

Powered by vBulletin®
Copyright © Jelsoft Enterprises Ltd.