Competitive Framework for Alaska: 2012

Policy change required If Alaska wants to attract major new investment in the new competitive environment of 2012 and achieve a million bopd target and LNG exports, it has to establish competitive and fixed terms for all its resources: • Existing light oil New light oil Heavy oil Ultra heavy oil Shale oil New natural gas Associated natural gas What Alaska needs is a “we are open for business” brochure that sets out all terms for investing in oil and gas in Alaska. 19

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