Armstrong for Alaska: Nanushuk Ed Kerr Director Armstrong Energy, - - PowerPoint PPT Presentation
Armstrong for Alaska: Nanushuk Ed Kerr Director Armstrong Energy, LLC Resource Development Council 37th Annual Alaska Resources Conference November 17, 2016 1 Armstrong for Alaska Armstrong in Alaska Nanushuk Development q Lands q
Resource Development Council 37th Annual Alaska Resources Conference November 17, 2016
1
Ø Armstrong in Alaska Ø Nanushuk Development
q Lands q Infrastructure q Oil q Schedule
PROJECT AREA 2
BEAUFORT SEA
Ø Armstrong Ø Leasing Ø Exploration Opportunities, Partnerships and Strategy
DEADHORSE NUIQSUT
OOOGURUK (Operator – Caelus) NIKAITCHUQ (Operator – ENI) 3
Ø Commitment to Infrastructure Development and Operations
NIKAITCHUQ OOOGURUK NORTH FORK
North Slope
q Oooguruk q Nikaitchuq
Cook Inlet
q North Fork
4
Ø Acquired area leases beginning in 2008 Ø Aggressive exploration program
2011-2015 Drilled Wells
NUIQSUT DEADHORSE
5
Ø Pikka Unit
q 63,304 acre unit approved by State of Alaska and Arctic Slope Regional Corporation (ASRC) effective June 01, 2015 q SE of the east channel of the Colville River within the North Slope Borough q 7 miles northeast of Nuiqsut
6
Nanushuk Development: Lands
Ø Arctic Slope Regional Corporation / State
Subsurface mineral resources
Ø Kuukpik Corporation, Nuiqsut
Working closely to develop an equitable plan for surface use
Ø State
Majority of lands crossed by Nanushuk pipeline and road
7 DS1 DS2 DS3
NUIQSUT
Federal land State land
NPRA
Nanushuk Development: Infrastructure
8
Nanushuk Development: Oil
Ø Nanushuk and Alpine C targets Ø 120,000 bbl/pd production and new oil into TAPS at crucial time Ø Approximately 3.25 BB barrels in place Ø 25% to 50% of barrels recoverable Ø Predominant percentage of Oil at 30 degree° API gravity with some oil at 38 degree gravity. Ø 750MMBO of recoverable reserves from these 3 pads and this may be repeatable.
9
Proposed Nanushuk Development: Schedule
Year(s) AcEvity
2015-2018 § Environmental Impact Statement www.nanushukeis.com 2017-2018 § IniHate regional and local permiIng processes § SelecHon of the engineering company to design the CPF § ConstrucHon of camp to accommodate 600 people 2019-2021 § ConstrucHon of SealiO and truckable modules for CPF § Civil works/gravel operaHons § Pipeline work 2020-2021 § Drilling § SealiO Delivery 2022 § First ProducHon
Subject to change
2015 2016 2017 2018 2019 2020 2021 2022 EIS
Drilling
10
q Sports, arts, traditional and cultural activities and celebrations q STEM activities and programs
11
q Construction, drilling and operations q Local hire / contracts q Corporate, income, property regional taxes q Royalties, rents and interest q Fees
COMMUNITY JOBS
TAXES, REVENUES, FEES
Ø Taxes Ø Regulatory uncertainty
12
John Quiton, Royal Air Force Aviator and George Cross Medal recipient.
13
14
15