Arctic Economics Model ...

• Main Author: None, None
• Format: Article in Journal/Newspaper
• Language: English
• Published: Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States) 1995
• Subjects: Arctic; Arctic Basin; Alaska
• Online Access: https://dx.doi.org/10.11578/dc.20180625.7; https://www.osti.gov/doecode/biblio/12466

AEM (Arctic Economics Model) for oil and gas was developed to provide an analytic framework for understanding the arctic area resources. It provides the capacity for integrating the resource and technology information gathered by the arctic research and development (R&D) program, measuring the benefits of alternaive R&D programs, and providing updated estimates of the future oil and gas potential from arctic areas. AEM enables the user to examine field or basin-level oil and gas recovery, costs, and economics. It provides a standard set of selected basin-specified input values or allows the user to input their own values. AEM consists of five integrated submodels: geologic/resource submodel, which distributes the arctic resource into 15 master regions, consisting of nine arctic offshore regions, three arctic onshore regions, and three southern Alaska (non-arctic) regions; technology submodel, which selects the most appropriate exploration and production structure (platform) for each arctic basin and ...