EIA: Alaska's oil production reaches its lowest level in more than 40 years

China Petroleum & Chemical News Network reported on April 28, according to Hydrocarbon Processing News, according to data from the U.

Last year’s production was 75% less than the state’s highest production of 2 million barrels per day in 1988.

The Trans-Alaska pipeline system transports crude oil from the northern slope of Alaska to Valdez on the southern coast of Alaska.

Many areas of the state have not yet explored for oil, including the Arctic National Wildlife Refuge (ANWR).

The oil industry is the largest contributor to the Alaska economy, despite the decline in production.

Alaska's per capita oil demand ranks third among all states.

Zhu Jiani excerpted from Hydrocarbon Processing News

The original text is as follows:

Oil production in Alaska reaches lowest level in more than 40 years, reports US EIA

Crude oil production in Alaska averaged 448 000 bpd in 2020, the lowest level of production since 1976, according to the US Energy Information Administration (EIA).

　　Last year's production was over 75% less than the state's peak production of more than 2 million bpd in 1988.

　　The Trans-Alaska Pipeline System transports crude oil from the North Slope of Alaska to Valdez on Alaska's southern coast.

　　Many areas of the state have not been explored for oil, including the Arctic National Wildlife Refuge (ANWR).

　　The oil industry is the largest contributor to Alaska's economy despite the decline in production.

　　Alaska has the third-highest petroleum demand per capita of any state.