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

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

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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. - PowerPoint PPT Presentation

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

1

Alaska NS Exploration

What went well . . .

and lessons learned

Page 2: Alaska NS Exploration What went well . . . and lessons learned

PJR, Sept. 99

North Slope Exploration History

o:\cpdn\hou130\mcbg\expl\common\division\budget\1998\dsbi0007.ppt

Milne PointSandpiper

IslandNorthstar

Pt. McIntyre

Hammerhead

Kuvlum

SourdoughBadami

PrudhoeBay

Kuparuk

Alpine

Endicott

Pt. Thomson

NPRA

ANWR

AL

AS

KA

CA

NA

DA

Tarn

Early Chevron Exploration Area Wide Chevron Exploration Infra Led Expl

20001960 199019801970

Prudhoe Bay Discovered

Kuparuk & Milne Pt.Discovered

TAPSCompleted

KIC well DrilledExxon Valdez

Oil SpillAlpine

DiscoveredPhillips buys Arco Alaska

Chevron Exploration Wells

1969-1978

1978-1993

1993-2000

Prospects

Page 3: Alaska NS Exploration What went well . . . and lessons learned

3

North Slope Infrastructure

1977

Page 4: Alaska NS Exploration What went well . . . and lessons learned

4

North Slope Infrastructure

2001

Page 5: Alaska NS Exploration What went well . . . and lessons learned

5

2020

TRAILBLAZER

McCOVEY

BLUE STAR

IGLOO

BARTER ISLAND

ARVERK

GOMO

NIAKUK

HEAVENLEY

North Slope Infrastructure

Page 6: Alaska NS Exploration What went well . . . and lessons learned

6

• 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

Chevron NS Exploration Strategies

Page 7: Alaska NS Exploration What went well . . . and lessons learned

7

Partner with major North Slope Operators

•Complexities of Arctic operations

•Permitting and regulatory complexities

•Diversification

Lessons . . .

Page 8: Alaska NS Exploration What went well . . . and lessons learned

8

Align early and often

•No equity arguments

•Joint technical teams

•Data and interpretation sharing

Lessons . . .

Page 9: Alaska NS Exploration What went well . . . and lessons learned

9

Prepare for hurdles

•Permitting

•Changing regulations

Lessons . . .

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

10

Alaska NS Exploration

What went well . . .

and lessons learned

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