Operating in Alaska
Nestled between Giants -
Having North America’s two largest oil fields, the North Slope boasts a world-class hydrocarbon system with 16 billion barrels of oil produced in the past 35 years from a variety of play types. There are billions of barrels left to produce and billions more likely yet to be discovered – BRPC has mapped prospective structures in the Southern Miluveach Unit alone with more than a billion barrels in place. BRPC also sees numerous accumulations within its Beechey Point Unit which are under consideration for development and located within a few miles of Prudhoe Bay.
From Crumbs of the Majors – Rise of the Independents - The Gulf of Mexico shelf and the U.K. North Sea basin provide the model for what we believe will happen on the North Slope as this oil province matures. The Majors built most of the necessary infrastructure to produce Prudhoe Bay, Kuparuk and the satellite fields. As production from the super giants declines, openings are beginning to appear in large fields. Already ENI and Pioneer have entered the mix bringing new production on line. The basin pattern of evolution is now playing out on the North Slope.
Onshore, Domestic Light Oil - Improvements have been made in regulation and permitting over the past decade, and the political and regulatory structure is known and stable. All BRPC acreage is onshore land owned by the state, which has been consistently pro oil development for decades.
Arctic Challenges - The arctic environment presents unique challenges but partnering with world-class contractors has enabled BRPC to successfully operate exploration drilling on-time and on budget.