Washington, D.C. – With the U.S. tight oil boom headlining the dramatic resurgence in North American oil production, expectations about future oil supply have shifted from traditional OPEC oil producers to countries whose oil production had previously been declining. This virtual explosion in the production of unconventional oil has major implications for the development of all oil sources, particularly high-cost, high-risk “frontier oil,” as found in the Arctic or ultra-deepwater.
BPC will convene two panels. The first panel will discuss whether the market needs "frontier oil," given the boom in lower-cost unconventional oil production, and will explore the infrastructure, technical, safety, and access issues associated with Arctic and ultra-deepwater oil production. In addition, the panelists will consider the geopolitical ramifications of frontier oil development.
On the second panel, participants will consider the science and safety concerns associated with operating in ultra-deepwater areas and in the Arctic. Panelists will consider the specific challenges associated with the Arctic’s unique geology and environment, and how these challenges will be impacted by climate change adaptation. This panel will also discuss the current state of disaster response and spill cleanup in both Arctic and ultra-deepwater oil production areas, while examining potential combinations of methods and practices that might safely overcome technical and environmental challenges in all frontier areas.
The event is open to the public and press. If you would like to attend, please register online here.