The Beaufort - Mackenzie Basin lies in the Canadian Arctic and stretches in a broad strip from the Alaskan border in the west to the far reaches of the Beaufort Sea. Exploration in the basin faces several key challenges associated with remote Arctic conditions including high costs, environmental issues, and seasonal access. Oil and gas discoveries have been made, however only a handful of onshore gas finds have been deemed commercial thus far. Activity in the basin has been slow in recent years and this trend is likely to continue into the near future as breakeven prices need to come down.
Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
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