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Alaska upstream: 2021 in review

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10 January 2022

Alaska upstream: 2021 in review

Report summary

2021 was a fairly quiet year for Alaska’s upstream sector. While recovering from some of the challenges of 2020, new hurdles were raised. A few key events stood out: How did production fair after the shut-ins and project delays seen in 2020? What transpired in the highly contentious ANWR leasing sale? Which exploration wells were drilled and what did they find? And what happened to the much-anticipated FIDs of both Pikka and Willow that failed to materialise? We take a look at the key events and trends across exploration, leasing, production and M&A in this review of the year.

Table of contents

  • Executive summary
  • Leasing remains subdued
  • Exploration: reduced but encouraging
  • Annual production declines a mere 2%
  • Noteworthy happenings

Tables and charts

This report includes 2 images and tables including:

  • Leasing bonus totals by region
  • Monthly oil production

What's included

This report contains:

  • Document

    Alaska review of 2021.xlsx

    XLSX 179.80 KB

  • Document

    Alaska upstream: 2021 in review

    PDF 908.23 KB