Full Title: Overview Arctic Potential: Realizing the Promise of U.S. Arctic Oil and Gas Resources
Author(s): National Petroleum Council
Publisher(s): National Petroleum Council
Publication Date: April 1, 2015
Full Text: Download Resource
Description (excerpt):
Executive Summary – Key Findings
1. Arctic Oil and Gas Resources are Large and Can Contribute Significantly to Meeting Future U.S. and Global Energy Needs
2. The Arctic Environment Poses Some Different Challenges Relative to Other Oil and Gas Production Areas, But is Generally Well Understood
3. The Oil and Gas Industry Has a Long History of Successful Operations in Arctic Conditions Enabled by Continuing Technology and Operational Advances
4. Most of the U.S. Arctic Offshore Conventional Oil & Gas Potential Can Be Developed Using Existing Field-Proven Technology
5. The Economic Viability of U.S. Arctic Development is Challenged by Operating Conditions and the Need for Updated Regulations that Reflect Arctic Conditions
6. Realizing the Promise of Arctic Oil and Gas Requires Securing Public Confidence
7. There Have Been Substantial Recent Technology and Regulatory Advancements to Reduce the Potential for and Consequences of a Spill
NPC Arctic Research Study