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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.

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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

Early Chevron Exploration

Area Wide Chevron Exploration

Infra Led Expl

1960

1970

1980

1990

2000

Sandpiper

Northstar

Island

Milne Point

Pt. McIntyre

Hammerhead

Endicott

Kuvlum

Pt. Thomson

Alpine

Badami

NPRA

Tarn

Kuparuk

Sourdough

Prudhoe

Bay

ANWR

CANADA

ALASKA

Chevron Exploration Wells

1969-1978

1978-1993

1993-2000

Prospects

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Chevron NS Exploration Strategies

  • 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


Lessons . . .

  • Partner with major North Slope Operators

  • Complexities of Arctic operations

  • Permitting and regulatory complexities

  • Diversification


Lessons . . .

  • Align early and often

  • No equity arguments

  • Joint technical teams

  • Data and interpretation sharing


Lessons . . .

  • Prepare for hurdles

  • Permitting

  • Changing regulations


Alaska NS Exploration

What went well . . .

and lessons learned


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