beaufort sea oil and gas future development
Download
Skip this Video
Download Presentation
Beaufort Sea Oil and Gas – Future Development

Loading in 2 Seconds...

play fullscreen
1 / 13

Beaufort Sea Oil and Gas – Future Development - PowerPoint PPT Presentation


  • 88 Views
  • Uploaded on

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.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Beaufort Sea Oil and Gas – Future Development' - hiero


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
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
slide4

50 PLUS EXISTING DISCOVERIES IN THE BEAUFORT MACKENZIE AREA-

Development depends on cost/distance

to infrastructure and on size/quality of discoveries

slide5

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

slide12

2020+

VISION OF FUTURE DEVELOPMENT CONCEPTS

ad