Repsol and partner Armstrong Energy have made the largest US onshore conventional hydrocarbons discovery for many years . Based on data from 2016 , the oil play in Alaska could amount to approximately 1.2bn barrels of recoverable light oil . A Rystad Energy analysis shows that Canada is the oil producer most affected so far by the slump in global oil demand, with the damage estimated to reach above 1.1 million bpd in shut-in production in 2Q20. Preliminary development concepts show that first wells there , from 2021 , could operate at a potential rate of 120,000 barrels per day .
Repsol and partner Armstrong Energy have made the largest US onshore conventional hydrocarbons discovery for many years . Based on data from 2016 , the oil play in Alaska could amount to approximately 1.2bn barrels of recoverable light oil . Preliminary development concepts show that first wells there , from 2021 , could operate at a potential rate of 120,000 barrels per day .