Arctic National Wildlife Refuge:

An Assessment of Interior's Estimate of an Economically Viable Oil Field

RCED-93-130: Published: Jul 9, 1993. Publicly Released: Aug 10, 1993.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed the accuracy of the Department of the Interior's 1991 estimate of potential oil resources in the Arctic National Wildlife Refuge (ANWR), focusing on whether: (1) economically viable quantities exist; (2) Interior used an adequate methodology; and (3) Interior's geologic and economic assumptions were reasonable.

GAO found that: (1) although the extent of ANWR oil resources is not known, Interior used the best available geologic and geophysical data in developing its estimate; (2) Interior used generally accepted methodologies to determine that substantial oil reserves could be contained in the ANWR coastal plain; (3) Interior's estimate did not fully account for how future oil prices will affect economically viable quantities of oil; and (4) additional cost factors including oil field size, pipeline transportation, and preventative environmental measures could also affect Interior's estimate.

Nov 20, 2014

Nov 17, 2014

Oct 16, 2014

Oct 14, 2014

Sep 23, 2014

Sep 22, 2014

Sep 19, 2014

Sep 15, 2014

Sep 12, 2014

Sep 9, 2014

Looking for more? Browse all our products here