Country Report
Alaska upstream summary
Report 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 in 2023. There are two main producing regions in Alaska, the Cook Inlet and the North Slope. The North Slope is the largest producing region in Alaska, currently producing over 90% of total production. The legacy North Slope operators, ConocoPhillips, BP and ExxonMobil, maintained an outsized role in the region in terms of remaining value, reserves and ...
Table of contents
-
Executive summary
- Key Issues
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
-
Alaska
- Alaska North Slope
- Cook Inlet
- Basin name
-
Cook Inlet Basin
- Source Rock
- Reservoir Rock
- Trapping Mechanism
-
Colville River Basin
- Source Rocks
- Reservoir Rocks
- Cap Rock (Seal)
- Trapping Mechanism
- Timing
-
Exploration
-
Licensing
- Lease activity summary
- State of Alaska
-
Exploration licensing
- 2011
- 2012
- 2013
- 2014
- 2015
-
Competitive bid leasing - recent years only
- 2016
- 2017
- 2018
- 2019
- 2021
- 2022
-
Exploration licensing in federal areas
- National Petroleum Reserve - Alaska
- 2017
- 2019
- Federal coastal waters
- Arctic National Wildlife Refuge
- Beaufort Sea
- Cook Inlet
- North Slope
- NPR-A
-
Drilling
- Drilling activity
- Cook Inlet
- North Slope
- Beaufort and Chukchi Seas
- Methane Hydrates
- Coalbed Methane
- Success rates
-
Licensing
-
Reserves and resources
- Cook Inlet
- North Slope
-
Production
- Oil/Liquids
- Gas
-
Infrastructure
-
Oil infrastructure
- Cook Inlet
- North Slope
-
Gas infrastructure
- Cook Inlet
- North Slope
-
Oil infrastructure
-
Policy and regulation
- Regulatory body
-
Fiscal terms
-
Overview
- Upstream
- Mid/Downstream
- Pipelines
-
State of Alaska
- Bonuses, rentals and fees
- Area rentals
-
Indirect Taxes
- VAT
- Import Duties
- Royalty
-
Petroleum Profits Tax (2006-current)
- House Bill 111
- House Bill 247
- Senate Bill 21
- Other credits
- Cook Inlet terms
- Pre-SB 21 PPT systems (2006-2013)
- Severance Tax (1970s-2006)
- Product Pricing
- Corporate (or Petroleum) Income Tax
- Federal Income Tax (FIT)
- Additional Profits Taxes
- Net Profit Share (NPS)
- Fiscal/Contractual Consolidation
- Dividend Withholding Tax
- Other Taxes
- CIRI Lands
- Federal Fiscal Regime
- Depreciation
- Sample Cash Flows
-
Historical background
- Pre-1980
- 1980s
- 1990s
- 2000s
- 2013
- 2016
- 2019 - 2020
-
Overview
Tables and charts
This report includes 38 images and tables including:
- Key facts: Table 1
- Alaska Country Map
- Reserves and contingent resources at 01/01/2023
- Liquids and Gas Production 2023
- Capital Expenditure 2024
- Net Acreage 2023
- Liquids Production by Region
- Top acreage holders - Beaufort Sea (state and federal waters)
- Top acreage holders - Cook Inlet
- Top acreage holders - North Slope
- Top acreage holders - NPR-A
- Active Blocks by Region
- Drilling summary
- Exploration: Table 2
- Exploration: Table 3
- Exploration: Table 4
- Exploration: Table 5
- Exploration: Table 6
- Exploration: Table 7
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Liquids Production by Region
- Production: Table 3
- Production: Table 4
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Alaska Basins
- Cook Inlet Stratigraphy
- North Slope Stratigraphy
- Exploration Drilling by Region
- Geological and Commercial Success Rates
- Oil Infrastructure Map (Cook Inlet)
- Gas Infrastructure Map (Cook Inlet)
- Infrastructure Map (North Slope)
- Current fiscal terms
- Fiscal terms: Table 2
- GEM models
What's included
This report contains:
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