Driven by weather delays at the Valdez Marine Terminal early in the month, January Alaska North Slope crude oil production averaged 703,318 barrels per day for the month, down 3.7 percent from a December average of 729,948 bpd. The Alaska Department of Revenue said weather in Valdez delayed tanker loadings Jan. 1-7.
There is a limitation on crude oil storage in Valdez, and weather delays, such as high winds in Valdez that prevent laying of boom around tankers, a requirement for loading, can result in cutbacks in North Slope production.
Inventories at Valdez topped 6 million barrels three days of the first seven in the month, and stayed above 5 million barrels the first nine days of the month.
ANS production bottomed at 457,192 bpd Jan. 5 — the peak day for Valdez Marine Terminal inventory levels — and peaked at 801,288 bpd Jan. 8. Production levels for the rest of the month ran mostly in the mid-700,000 bpd range.
See full story in the Feb. 8 issue of Petroleum News, which will be online at noon Friday, Feb. 6, at www.petroleumnews.com.