Insight
Alaska upstream: 2020 in review
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
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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 2 images and tables including:
- Alaska's rig count plummets
- Monthly production by field
What's included
This report contains:
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