Interesting read regarding Repsols plans with Oil Search and Armstrong, they view Alaska as high margin assets, it's so close to us as well...
"Spanish major, Repsol, in a 2018 to 2020 update to its strategic plan, makes mention of the company’s opportunities in Alaska. The plan update references Alaska as one of five areas worldwide earmarked for development projects. The five areas have a combined breakeven oil price, the price at which development projects become viable, of $42. The strategic plan assumes a Brent oil price of $50 per barrel."
http://www.petroleumnews.com/pnads/506617706.shtml
Cheers
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