Future of the Arctic - Where Are The Resources and What Are They Worth?

Latham, Andrew¹ (1) Upstream Consultancy, Wood Mackenzie, Edinburgh, United Kingdom

This presentation will answer some key questions for the future role of the Arctic in global exploration and production. Specifically:

Circum-Arctic basins contain large reserves and even larger Yet-to-Find potential. Where are these resources, are they oil or gas, and what are the key plays?

Arctic developments will be extremely capital intensive and face formidable export challenges. Which basins offer the best commercial potential and what breakeven oil or gas prices are needed?

What contribution will the Artic make to global oil and gas supply?