A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue
Master's Project (M.S.) University of Alaska Fairbanks, 2018 Revenues from petroleum production supply most of the revenue for unrestricted general funds for the State of Alaska. As such, variations in the price of oil, decline from existing production and new developments greatly affect the mo...
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ftunivalaska:oai:scholarworks.alaska.edu:11122/9730 2023-05-15T13:09:10+02:00 A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue Michie, Joshua J. Patil, Shirish Dandekar, Abhijit Khataniar, Santanu Sonwalker, Vikas 2018 http://hdl.handle.net/11122/9730 en_US eng http://hdl.handle.net/11122/9730 Department of Petroleum Engineering Oil fields Taxation Alaska North Slope Forecasting Analysis Petroleum Petroleum industry and trade Master's Project ms 2018 ftunivalaska 2023-02-23T21:37:20Z Master's Project (M.S.) University of Alaska Fairbanks, 2018 Revenues from petroleum production supply most of the revenue for unrestricted general funds for the State of Alaska. As such, variations in the price of oil, decline from existing production and new developments greatly affect the money available for the state to spend on everything from roads to education. This study reviewed all producing oil fields on the North Slope, characterized their reservoir performance and forecasted future production. This was coupled with analysis of recent exploration discoveries and ongoing project developments to forecast future North Slope production and create potential royalty and production tax revenue forecasts. After 40 years of production, Prudhoe Bay remains the dominant field on the North Slope, accounting for 45% of current production. Relatively large changes in the non-anchor field pools are only able to change North Slope production by a couple of percent due to the nature of their size compared to Prudhoe Bay, Kuparuk and Alpine. New developments however, are able to materially contribute to changes in North Slope production if they are large enough. With continued activity in the many fields, creating an accurate forecast is challenging, however, without new developments, the Trans Alaska Pipeline will need to make changes to accommodate low flow rates. Currently identified new developments have the potential to extend current production rates 10-20 years. Some of these announced developments and discoveries have announced productivity rates that are not realistic compared to analog well performance, and will likely require many more wells to achieve the announced rates and volumes. Other/Unknown Material Alaska North Slope north slope Prudhoe Bay Alaska University of Alaska: ScholarWorks@UA Fairbanks |
institution |
Open Polar |
collection |
University of Alaska: ScholarWorks@UA |
op_collection_id |
ftunivalaska |
language |
English |
topic |
Oil fields Taxation Alaska North Slope Forecasting Analysis Petroleum Petroleum industry and trade |
spellingShingle |
Oil fields Taxation Alaska North Slope Forecasting Analysis Petroleum Petroleum industry and trade Michie, Joshua J. A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue |
topic_facet |
Oil fields Taxation Alaska North Slope Forecasting Analysis Petroleum Petroleum industry and trade |
description |
Master's Project (M.S.) University of Alaska Fairbanks, 2018 Revenues from petroleum production supply most of the revenue for unrestricted general funds for the State of Alaska. As such, variations in the price of oil, decline from existing production and new developments greatly affect the money available for the state to spend on everything from roads to education. This study reviewed all producing oil fields on the North Slope, characterized their reservoir performance and forecasted future production. This was coupled with analysis of recent exploration discoveries and ongoing project developments to forecast future North Slope production and create potential royalty and production tax revenue forecasts. After 40 years of production, Prudhoe Bay remains the dominant field on the North Slope, accounting for 45% of current production. Relatively large changes in the non-anchor field pools are only able to change North Slope production by a couple of percent due to the nature of their size compared to Prudhoe Bay, Kuparuk and Alpine. New developments however, are able to materially contribute to changes in North Slope production if they are large enough. With continued activity in the many fields, creating an accurate forecast is challenging, however, without new developments, the Trans Alaska Pipeline will need to make changes to accommodate low flow rates. Currently identified new developments have the potential to extend current production rates 10-20 years. Some of these announced developments and discoveries have announced productivity rates that are not realistic compared to analog well performance, and will likely require many more wells to achieve the announced rates and volumes. |
author2 |
Patil, Shirish Dandekar, Abhijit Khataniar, Santanu Sonwalker, Vikas |
format |
Other/Unknown Material |
author |
Michie, Joshua J. |
author_facet |
Michie, Joshua J. |
author_sort |
Michie, Joshua J. |
title |
A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue |
title_short |
A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue |
title_full |
A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue |
title_fullStr |
A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue |
title_full_unstemmed |
A comprehensive analysis of the oil fields of the North Slope of Alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue |
title_sort |
comprehensive analysis of the oil fields of the north slope of alaska: their use as analogs, recent exploration, and forecasted royalty and production tax revenue |
publishDate |
2018 |
url |
http://hdl.handle.net/11122/9730 |
geographic |
Fairbanks |
geographic_facet |
Fairbanks |
genre |
Alaska North Slope north slope Prudhoe Bay Alaska |
genre_facet |
Alaska North Slope north slope Prudhoe Bay Alaska |
op_relation |
http://hdl.handle.net/11122/9730 Department of Petroleum Engineering |
_version_ |
1766165653223374848 |