Beaufort sea oil and gas future development
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Beaufort Sea Oil and Gas – Future Development. March 2006, Inuvik Oil and Gas Management Directorate Indian and Northern Affairs Canada. Canada’s North – Map of Petroleum Potential.

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Beaufort sea oil and gas future development

Beaufort Sea Oil and Gas – Future Development

March 2006, Inuvik

Oil and Gas Management Directorate

Indian and Northern Affairs Canada


Canada s north map of petroleum potential

Canada’s North – Map of Petroleum Potential

About two thirds of the potential in the Mackenzie Delta-Beaufort Sea Basin lies offshore -- provides head room for long term sustainability of oil and gas projects in the region


Developing a view of future actvity

DEVELOPING A VIEW OF FUTURE ACTVITY

Three main activities…..

  • Mackenzie Gas Project commitment and realization (Imperial, ConocoPhillips, Shell, APG)

  • Assessment and development of existing discoveries (MGP add-ons)

  • Current and new exploration for new discoveries (Chevron, Encana, Devon, others) for future expansion of MGP


Beaufort sea oil and gas future development

50 PLUS EXISTING DISCOVERIES IN THE BEAUFORT MACKENZIE AREA-

Development depends on cost/distance

to infrastructure and on size/quality of discoveries


Beaufort sea oil and gas future development

DEVON

PAKTOA C-60 (DRILLING ENDING MARCH 2006)

ENCANA

UMIAK N-16 (2004)

UMIAK N-05 (2005)

CHEVRON

NORTH LANGLEY

GAS DISCOVERY (2002/03)

CHEVRON

ELLICE I-48 (2004)

OLIVIER H-01, 2H-01 AND 3H-01 (2005)

RECENT EXPLORATION

AND THE MACKENZIE GAS PROJECT


Outlook for development

Outlook for Development

  • 1 Southeast Basin margin (Tuk)

    Outlook: step out drilling from Parsons Lake. Tuk discovery most likely add-on. Already quite extensively explored with older methods; limited offshore potential.

  • 2 Southwest Basin margin (Yukon coast)

    Little explored with low onshore potential increasing offshore. Extensive exploration required before development.

  • 3 Basin Centre – Listric Fault (Richards Island)

    Focus of activity towards development in next ten years. Large offshore discoveries (Amauligak and Issungnak) and focus of Devon exploration.

  • 4 Western Fold Belt (Offshore Yukon to US border)

    Very sparsely explored but good oil and gas potential. Extensive exploration required before development. Long term development.

  • 5 Deep water (30 m plus)

    Long term development potential – would require extensive 3D seismic investment


The next few years

The next few years….

  • Active drilling programs (Chevron, Devon and Encana) – exploration over next few years will optimise use of drilling resources (rigs).

  • New activity driven by uptake of new Exploration Licences (continue annual land sales: bids close on two current blocks May 2, 2006)


Factors limiting offshore development

FACTORS LIMITING OFFSHORE DEVELOPMENT

  • Well costs

  • Offshore platform availability

  • Varying operating conditions and seasons

  • Oil with gas mix

  • Competing global interests of major companies

  • MGP capacity requirements served by onshore development?


Factors encouraging offshore development

FACTORS ENCOURAGING OFFSHORE DEVELOPMENT

  • Beaufort has high potential for new large discoveries of oil and gas

  • Little explored offshore areas attractive to large companies

  • MGP future volume requirements and expansion possibilities


Operations drilling

Operations/Drilling

Guessing about future drilling….

DELTA-BEAUFORT ONLY*

…….??????

* CONTINGENT ON MGP


Beaufort sea oil and gas future development

2020+

VISION OF FUTURE DEVELOPMENT CONCEPTS


Beaufort sea oil and gas future development

Thank you and questions?


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