Engineering and Economics of the USGS Circum-Arctic Oil and Gas Resource Appraisal (CARA) Project

This Open-File report contains illustrative materials, in the form of PowerPoint slides, used for an oral presentation given at the Fourth U.S. Geological Survey Workshop on Reserve Growth of petroleum resources held on March 10-11, 2008. The presentation focused on engineering and economic aspects of the Circum-Arctic Oil and Gas Resource Appraisal (CARA) project, with a special emphasis on the costs related to the development of hypothetical oil and gas fields of different sizes and reservoir characteristics in the North Danmarkshavn Basin off the northeast coast of Greenland.

The individual PowerPoint slides highlight the topics being addressed in an abbreviated format; they are discussed below, and are amplified with additional text as appropriate. Also included in this report are the summary results of a typical ?run? to generate the necessary capital and operating costs for the development of an offshore oil field off the northeast coast of Greenland; the data are displayed in MS Excel format generated using Questor software (IHS Energy, Inc.).

U.S. Geological Survey (USGS) acknowledges that this report includes data supplied by IHS Energy, Inc.; Copyright (2008) all rights reserved. IHS Energy has granted USGS the permission to publish this report.