GEO ExPro

Barrels for the future

Canada’s oil sands are the world’s largest single hydrocarbon resource. The huge volumes of thick, sticky crude oil – bitumen – are now being exploited at an increased pace. Thanks to thriving oil prices and improved technology, production is bound to double and reach two million barrels per day in only a few years time.
This article appeared in Vol. 2, No. 5 - 2005

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New Insights on the Alaskan Chukchi Sea

Operationally challenging, environmentally sensitive and seasonally limited; the vast bounds of the underexplored basins of the Arctic region remain of significant long-term importance to the future of global energy demand. The offshore Chukchi region of Alaska represents significant untapped petroleum resources. The most recent assessment by the USGS suggests a potential 29 billion barrels of recoverable reserves.