In Alaska, the largest discovered in recent years, oil field

Moscow. 5 Oct. Energy company, Caelus Energy reported the discovery of a large oil field in a remote area of Alaska, according to The Wall Street Journal. According to the company, the reserves can be from 1.8 billion to 2.4 billion barrels (245,5-327,3 million tonnes). For comparison, stocks open in September 2016 the Vostochno-Messoyakhskoye field, which is developed jointly by Rosneft and Gazprom, account for 340 million tons.

The detected field is located offshore from Smith’s Bay, 480 km North of the Arctic circle. “It will be hard but we already had similar projects”, – said CEO of Caelus Energy James Musselman. The company plans to build 200-mile pipeline for $800 million, which will be held on the seabed and will connect the production site with existing transport systems.

The project will surely find support from the authorities of Alaska, which in recent years has faced a sharp reduction of revenues from oil production, the newspaper said. “If Alaska can find a way to stop the oil production decline, which threatens the freezing of the TRANS-Alaska pipeline, it could face a disaster of its oil industry and the entire economy”, – writes the edition.

However, the construction of a new pipeline with a high probability will encounter opposition from environmentalists. When in the 1970s in Alaska were found the first oil, the population, shocked by high fuel prices and intentions of middle Eastern States to stop exports to the US, reacted to this with enthusiasm. In recent years a well-organized environmental movement have prevented the building of new pipelines, which significantly hindered the development of new fields.