Competitive Framework for Alaska: 2012

Old and New Production New non-producing lease method. Another simple method is to consider "new" production, as production from leases which were not in production prior to December 31, 2011. The main advantage of the method is that it is easy to administer and is a well established international practice. It would encourage new investment in new leases with fields which maybe more expensive. New approved program method. In principle it is possible for existing producers to make specific comprehensive proposals to the Alaska Government for new investments that will increase production from existing fields. This would relate to programs that would be in excess of ongoing investments. 84

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