Word: beauforts
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...wells they have sunk, mostly in the Gulf of Mexico, account for 14% of the nation's current domestic oil production and 23% of its gas. The next place they hope to develop as a major energy source is a tough one: the floor of the ice-jammed Beaufort Sea, about 275 miles above the Arctic Circle, off Alaska's nearly barren north coast...
Estimates of how much oil could be tapped off Alaska's entire outer continental shelf (OCS), including the Beaufort Sea, range up to 25 billion bbl., or nearly three times the reserves in Alaska's Prudhoe Bay field. Some oilmen believe that with a big development effort, Alaska's OCS could eventually produce 4 million bbl. a day, or enough to replace half of the nation's present oil imports. The Canadians, who have been drilling in their sector of the Beaufort Sea for two years, are very bullish on it: this fall Dome Petroleum...
...Meanwhile, Exxon's Imperial Oil plans to spend more than $5 billion to produce oil from heavy crude. These projects may be stretched out if some recent finds of conventional petroleum elsewhere prove more financially attractive. Some oilmen believe that two offshore strikes, in the Arctic's Beaufort Sea and along the Newfoundland coast, could prove to be of Middle East proportions...
...Fairbanks, to the bleak oilfields of Prudhoe Bay. Following roughly a parallel course northeastward across similarly unspoiled wilderness, Canada's Dempster Highway extends 465 miles from historic Dawson (pop. 745) in the Yukon to the government-built showcase city of Inuvik (pop. 4,150), close to the Beaufort...
...immediately dubbed, grew out of the adoption in 1977 by the two countries of 200-mile territorial limits for fishing. The jurisdictions overlapped in four areas: Georges Bank off New England, the Juan de Fuca Strait between Vancouver Island and Washington, waters off the Alaskan Panhandle and the Beaufort Sea off northeastern Alaska. With negotiations to settle the border problem going nowhere, Canada banned U.S. commercial fishermen from its waters. The U.S. quickly reciprocated...