Alaska upstream summary Report

Country Report 19 December 2024

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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 ...

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
  - 2023
  - 2024
- Exploration licensing in federal areas
  - National Petroleum Reserve - Alaska
  - 2017
  - 2019
  - Federal coastal waters
  - Arctic National Wildlife Refuge
- Beaufort Sea
- Cook Inlet
- North Slope
- 2 more item(s)...
Reserves and resources
- Cook Inlet
- North Slope
Production
- Oil/Liquids
- Gas
Infrastructure
- Oil infrastructure
  - Cook Inlet
  - North Slope
- Gas infrastructure
  - Cook Inlet
  - North Slope
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
  - 8 more item(s)...
- Federal Fiscal Regime
- Depreciation
- Sample Cash Flows
- 1 more item(s)...