Supplemental Assessment • Arctic Potential Assessment Supplemental
SUPPLEMENTAL ASSESSMENT SUPPLEMENTAL ASSESSMENT • to the 2015 Report ARCTIC POTENTIALARCTIC ARCTIC POTENTIAL Realizing the Promise of U.S. Arctic Oil and Gas Resources NPC National • Petroleum 2019 Council 2019 April 26, 2019 The Honorable Rick Perry Secretary of Energy Washington, D.C. 20585 Dear Mr. Secretary: In response to your August 29, 2018 request made in coordination with the Department of the Interior, the National Petroleum Council conducted a Supplemental Assessment to its 2015 report, Arctic Potential: Realizing the Promise of U.S. Arctic Oil and Gas Resources. To build upon the deep foundation, broad participation, and consensus view of the 2015 report, the Council conducted a technical workshop to gather new information, at the Baker Institute at Rice University, attended by industry, government, and other stakeholders. The 2015 study concluded that the technology was available to prudently explore for and develop oil and gas in the U.S. Arctic while protecting people and the environment. The 2015 study also found that the physical, ecological, and human environment was well understood after decades of research, and that suf- ficient information was available to pursue exploration. Despite proven technical and operational capability, the 2015 study noted that pursuing oil and gas in the U.S. Arctic was hindered by challenging economics, a regulatory framework taken from southern regions where work could be conducted year-round, and a lack of public confidence that it could be conducted safely and responsibly. The 2015 report recommended tech- nology validation and demonstrations to promote improved understanding and public confidence, and that the results of these demonstrations be used to revise the regulatory framework to make it more consistent with other Arctic nations.
[Show full text]