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Smith Bay Project

Project Description

Caelus Energy. Torok formation. Peak production estimate of 200k bpd. First oil only after 2022. Requires 100 mile ppeline. With an estimated 6-10 billion barrels of oil in place, Smith Bay ranks as one of the world’s largest oil discoveries in recent years, and the largest on Alaska’s North Slope in four decades. The Smith Bay development has the potential to provide 200,000 barrels/day of light oil to the Trans Alaska Pipeline System (TAPS), which would increase TAPS throughput by 40 percent (based on 2016 flow rates) and extend the pipeline’s long-term viability by reducing the average viscosity of its oil.

Project Details

Development Type

Country / Developer

Budget / Cost

Estimated at 10.B USD