Alaska and Arctic Canada - an upstream review of 2013

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26 January 2014

Alaska and Arctic Canada - an upstream review of 2013

Report summary

In 2013, a fiscal overhaul in Alaska boosted the value of the North Slope’s fields by US$5.2 billion.  ConocoPhillips and BP responded by increasing capital investment and near-term activity in the state.  However, the new terms could still be repealed by voter referendum in the August 2014 Alaska primary election. Leasing activity across most areas of Alaska and Arctic Canada was muted in 2013, but some explorers found success. 

Table of contents

  • Executive Summary
    • Alaska leasing activity
      • Headline results in the NPR-A
      • Bonuses shrink across other Alaskan regions
    • Arctic Canada leasing
    • Alaska’s North Slope
      • Independents driving activity in the Cook Inlet
    • Exploration activity increases in Arctic Canada
    • Alaska tax reform
    • Operators respond to MAPA
    • Concept selection completed for South Central LNG
    • Shell returns to the Chukchi, legal wrangling continues
    • New development plan released for BP Liberty
    • Independent Caelus Energy acquires Oooguruk
    • ConocoPhillips in the NPR-A
    • JV led by Imperial Oil is the first mover in the Beaufort Sea
    • Substantial remaining reserves ensure continued interest

Tables and charts

This report includes 7 images and tables including:

  • Acreage awarded and total work commitments in Arctic Canada 2005-2013
  • Exploration wells completed in Alaska 2002-2013
  • Exploration wells completed in Arctic Canada 2002-2013
  • Top fields by remaining reserves
  • Remaining reserves by region
  • Alaska and Arctic Canada - an upstream review of 2013: Image 7
  • Acreage awarded and total signature bonuses in Alaska 2005-2013

What's included

This report contains:

  • Document

    Alaska and Arctic Canada - an upstream review of 2013

    PDF 8.80 MB

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