Competitive Framework for Alaska: 2012

Implementation of new terms. With respect to light oil for existing and new production it seems that no particular implementation measures need to be taken. It is likely that investors will respond positively to the new terms and make the necessary investments, unless the project involves major new investments, such as the development of Point Thomson. With respect to heavy oil, shale oil, natural gas and GTL it is unlikely that investors will commit to large multi- billion dollar programs unless there is a degree of fiscal stability in a contractual framework. 20 20

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