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[BUSINESS] · United States · 2 sources

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U.S. agencies move to fast-track Alaska oil and gas permitting

The U.S. Department of the Interior and the Bureau of Land Management (BLM) are moving to streamline oil and gas permitting within the National Petroleum Reserve-Alaska (NPR-A). The proposed changes aim to fast-track certain activities, such as seismic surveys and exploratory drilling, by utilizing a “categorical exclusion” under the National Environmental Policy Act (NEPA).

Under the proposed rule, qualifying projects that meet predetermined criteria could receive decisions in as little as 60 days. The BLM intends to replace case-by-case environmental reviews with a standardized process for repeatable activities, arguing that two decades of existing data provide sufficient environmental analysis for these projects. This move follows a petition from the Alaska Oil and Gas Association for a more uniform approval process.

The NPR-A covers approximately 23 million acres on Alaska’s North Slope. Recent lease auctions in the reserve have seen record activity, including a March auction that generated over $163 million in revenue with successful bids from companies such as ExxonMobil, ConocoPhillips, and a Repsol-Shell consortium. The agency is currently preparing an environmental impact statement to accompany the new rule.

Entities

Alaska Oil and Gas Association · Bureau of Land Management · ExxonMobil · National Petroleum Reserve-Alaska · U.S. Department of the Interior