Competitive Framework for Alaska: 2012

Difficulties in achieving Alaska production increases Increasing Alaska oil production and initiation of gas exports will face other major difficulties. The main difficulty is that the three major oil companies are in a “harvesting mode", which means their main objective is drawing cash out of Alaska to invest elsewhere. The reasons for this are: No large and attractive projects available in Alaska under current fiscal terms for major oil companies • Attractive opportunities outside Alaska. 22

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