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Alaska and Arctic Canada - a review of 2012

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Report summary

In Alaska operators transitioned their focus from leasing to exploration in 2012. The amount of acreage leased in Alaska fell last year by over 50%. However the average bid per acre increased significantly to US$70 on the North Slope and to US$35 in the Cook Inlet. Additionally land was leased in the Foothills for the first time since 2009. To the east in Canada's Beaufort Sea Franklin Petroleum acquired six leases for a total work commitment of Cdn$7.5 million. In 2012 15

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Table of contents

Tables and charts

This report includes 5 images and tables including:

Images

  • Acreage awarded and total work commitments in Arctic Canada 2005 to 2012
  • Alaska - exploration wells completed 2002 to 2012
  • Arctic Canada - exploration wells completed 2001 to 2011
  • Alaska and Arctic Canada 2012 lease sales
  • Acreage awarded and total signature bonuses in Alaska 2005 to 2012

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