Insight
Alaska upstream: 2020 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Alaska's upstream sector faced challenges similar to many other regions in 2020. Remote worker access was challenged and companies faced difficult decisions on idling rigs, shutting in production, and delaying project plans. Industry also faced off against a tax bill proposal and new corporate dynamics as Hilcorp took over operatorship of Prudhoe Bay. In this note we highlight the key events of the year including rig activity, monthly production trends, exploration finds, leasing results and major project news. There remains much to be positive about. After several years of exploration success and new company entries, Alaska is now poised to witness a new era of investment and production growth.
Table of contents
- Executive summary
-
Operational impacts from coronavirus
- Production impacted by shut-ins and reduced drilling
- Exploration success at Mitquq, Stirrup and Harpoon
-
Leasing in the spotlight
- Controversial ANWR sale sees limited industry interest
- NPR-A (National Petroleum Reserve - Alaska)
- North Slope - Alaska state jurisdiction
- Cook Inlet
-
Noteworthy happenings
- Tax bill changes voted down
- Premier walks and others deal
- Final investment decision looming for Pikka after development plan tweaks
- Willow enters FEED, FID expected in late 2021
Tables and charts
This report includes the following images and tables:
-
Alaska's rig count plummetsMonthly production by field
What's included
This report contains:
Other reports you may be interested in
Country Report
Alaska upstream summary
Alaska's oil production peaked at two million barrels a day in 1988 but has been steadily declining since to just over 500,000 b/d ...
$6,480
Asset Report
Alaska Cook Inlet ceased fields
This analysis highlights selected fields that have ceased production in Alaska's Cook Inlet region. Reach out to Alaskan analysts ...
$3,720
Asset Report
Mustang (Southern Miluveach Unit)
The Mustang development is located within the Southern Miluveach Unit and directly west of the prolific Kuparuk field. The field was ...
$3,720
