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Arctic Oil Exploration: Challenges and Potential Risks

Explore the Arctic oil exploration in 2010-11 with no commercial discovery, exceeding exploratory budget. Discover the potential risks and impressive potential of 5.3 bbo at $300. Learn about the unique icebergs from 79-Fjorden Glacier and Zacharie Glacier, resembling Arctic Ocean ice islands.

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Arctic Oil Exploration: Challenges and Potential Risks

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Presentation Transcript

  1. Total of 8 wells in 2010-11 • No commercially viable discovery • Expenses already exceeded exploratory budget for 2010-2014

  2. Potential

  3. Potential: 5.3 bbo @ $300

  4. NERI: ” Icebergs from the two major glacial outlets in this particular area, 79-Fjorden Glacier and Zacharie Glacier, are more like Arctic Ocean ice islands”

  5. Welcome to the Arctic

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