Bakken Formation
The Bakken Formation is a rock unit occupying a substantial part of the subsurface of the Williston Basin, in Montana, North Dakota, and Saskatchewan and is believed to hold a significant amount of oil shale. The state of North Dakota released a report in April 2008 that estimated there are 167 billion barrels of oil in the Bakken. However, the report also concluded that current technology could only extract 1% or 2.1 billion barrels from the Bakken. In report published by the USGS in April 2008, the amount of technically recoverable oil in the Bakken Formation is at 3.0 to 4.3 billion barrels.
View More Recent Stories
-
Aker BP: Awarding the Munin jacket
-
Aker BP: Oil discovery near Yggdrasil
-
New milestone reached at Johan Sverdrup
-
Aker BP reports first quarter 2023 results
-
First quarter 2023 trading update
-
Minutes from the Annual General Meeting 2023
-
Aker BP and OMV awarded licence for CO2 storage
-
Aker BP ASA: Notice of Annual General Meeting
-
Aker BP releases 2022 reports
-
Aker BP moving ahead with nine of ten PDO projects
-
Aker BP announces start-up of production from the Frosk field development in Alvheim
