Asset Report
US Alaska North Slope exploration basin
Report summary
The North Slope is an established petroleum producing province where exploration began in the 1960s. Over 34 bnboe has been discovered in the basin, notably in the super-giant Prudhoe Bay and Kuparuk oil fields. The basin is located in harsh Arctic environment, presenting unique challenges for explorers, such as seasonal operations, environmental issues, and high costs. Recent exceptional onshore exploration success in the emerging Nanushuk play, and offshore in the Beaufort Sea, have made Alaska a top global exploration target, particularly onshore. The substantial prospective resources and relatively favourable access to acreage (compared to other onshore basins) make it attractive. Materiality also exists in the offshore plays. However, except in the Beaufort Sea's shallow water, offshore environment is remote and hostile. Companies have relinquished most of their leases in the federal Chukchi Sea and the play is therefore excluded from the outlook of this analysis.
Table of contents
-
Summary of commercial outlook
- Challenges:
- Wells drilled
- Company activity
-
Prospective resources by play
- Beaufort sea
- Colville river
- NPRA
- Nanushuk
- Prospective resource costs and underlying assumptions
- Prospect economics -Beaufort Sea
- Prospect economics - Colville River
- Prospect economics - NPRA Area
-
Prospect economics - Nanushuk
- Full-cycle basin economics
- Licensing
- Fiscal terms
- Oil and gas prices
Tables and charts
This report includes 35 images and tables including:
- Exploration history map
- Drilling activity by well type
- Discoveries and success rates
- Top 10 discoveries
- Current acreage holders
- Beaufort Sea
- Colville River
- NPRA Area
- Nanushuk
- Summary of discovery and development costs
- Unit value of potential discoveries
- Breakeven price of exploration
- Beaufort Sea
- Unit value of potential discoveries
- Breakeven price of exploration
- Colville River
- Unit value of potential discoveries
- Breakeven price of exploration
- NPRA Area
- Unit value of potential discoveries
- Breakeven price of exploration
- Nanushuk
- Typical fiscal terms - Beaufort Sea (within three miles of shore), Colville River, NPR-A, Nanushuk (State of Alaska terms)
- Brent and local oil price assumptions
- Exploration plays map
- Key play characteristics
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
What's included
This report contains:
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