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Alaska NS Exploration What went well . . . and lessons learned

Alaska NS Exploration What went well . . . and lessons learned. North Slope Exploration History. Prudhoe Bay Discovered. Kuparuk & Milne Pt. Discovered. TAPS Completed. Exxon Valdez Oil Spill. Alpine Discovered. Phillips buys Arco Alaska. KIC well Drilled.

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Alaska NS Exploration What went well . . . and lessons learned

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  1. Alaska NS Exploration What went well . . . and lessons learned

  2. North Slope Exploration History Prudhoe Bay Discovered Kuparuk & Milne Pt. Discovered TAPS Completed Exxon Valdez Oil Spill Alpine Discovered Phillips buys Arco Alaska KIC well Drilled Early Chevron Exploration Area Wide Chevron Exploration Infra Led Expl 1960 1970 1980 1990 2000 Sandpiper Northstar Island Milne Point Pt. McIntyre Hammerhead Endicott Kuvlum Pt. Thomson Alpine Badami NPRA Tarn Kuparuk Sourdough Prudhoe Bay ANWR CANADA ALASKA Chevron Exploration Wells 1969-1978 1978-1993 1993-2000 Prospects o:\cpdn\hou130\mcbg\expl\common\division\budget\1998\dsbi0007.ppt

  3. North Slope Infrastructure

  4. North Slope Infrastructure 2001

  5. North Slope Infrastructure

  6. Chevron NS Exploration Strategies • Pursue impact-size, stand-alone oil prospects • Pursue smaller economic oil prospects with access to existing infrastructure • Mature economic “satellite” opportunities in core areas to enhance overall commerciallity • Position early on impact-size, stand-alone gas prospects as an option to an eventual North Slope gas export pipeline

  7. Lessons . . . • Partner with major North Slope Operators • Complexities of Arctic operations • Permitting and regulatory complexities • Diversification

  8. Lessons . . . • Align early and often • No equity arguments • Joint technical teams • Data and interpretation sharing

  9. Lessons . . . • Prepare for hurdles • Permitting • Changing regulations

  10. Alaska NS Exploration What went well . . . and lessons learned

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