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UPDATE
North Slope Activity and Discoveries
Alaska’s North Slope remains a highly attractive region for exploration and development of oil. This map of
exploration activity and discoveries on the North Slope since 2004 illustrates the proliferation of new units
on the North Slope since 2004, including Cronus, Jacob’s Ladder, NE Storms, Nikaitchuq, Rock Flour, Tuvaaq and
Whiskey Gulch units. The Petroleum Production Tax includes exploration tax credits as an incentive to encourage
major oil companies and independents alike to take advantage of financial incentives and geological opportunities
to continue investing in Alaska.
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North Slope Units
and Processing Facilities
The largest producer of oil in North America, Prudhoe Bay is actually one of many oil “units,” or collections of
related individual fields, on Alaska’s North Slope. This 2004 map outlines a number of units – Alpine, Badami,
Colville River, Endicott, Kuparuk River, Milne Point, Oooguruk, Prudhoe Bay, North Star and Point Thomson – as
well as the processing and pipeline facilities that prepare and gather the oil they produce for shipment down the
trans-Alaska Oil Pipeline. Under the current oil severance tax and the Economic Limit Factor, units as large as
Kuparuk will very soon pay no tax at all. The Petroleum Production Tax would change the system so that the state
collected taxes on profitable units, generating tax revenues for the state.
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North Slope Recent Exploration Activity
Alaska's North Slope remains a highly attractive region for exploration and development of oil. This map of exploration
activity and discoveries on the North Slope since 2001 illustrates how exploration leads to discovery, and discovery leads
to production. The Petroleum Production Tax includes exploration tax credits as an incentive to encourage major oil companies
and independents alike to take advantage of financial incentives and geological opportunities to continue investing in Alaska.
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North Slope Land Management
and lease Sale Areas
The North Slope represents a complex tapestry of land management, where state, federal, and local governments, Native corporations,
and other entities must work together to protect their management interests while facilitating a healthy program of petroleum
exploration and development to benefit the state. This map shows the relationships between land ownership, current production
areas, and regions where future lease sales - in the National Petroleum Reserve-Alaska, the Arctic National Wildlife Refuge's
1002 Area (coastal plain), the North Slope Foothills, the North Slope, and the Bering and Chukchi seas - hold the promise of
new development and production that would bring new financial resources to Alaska through the Petroleum Production Tax.
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