Pantheon’s Ahpun and Kodiak projects are situated in a unique geographic location adjoining the underutilized export and transport infrastructure for Alaskan North Slope oil and gas activities. These assets are immediately underneath and adjacent to the TAPS (Trans Alaska Pipeline System) main oil line and the Dalton Highway, enhancing the commercial potential and offering a major competitive advantage over other companies’ operations on the ANS.
Pantheon’s primary assets are two giant oilfields known as Ahpun and Kodiak which are effectively the major discovered oil projects across the discovery and appraisal wells of Pipeline State, Alkaid-1, Talitha-A, Theta West-1 and Alkaid-2. These two giant fields will be the core focus of activity over coming years, with Ahpun being near term development/production and Kodiak providing high impact appraisal in the run up to approval of its development, expected in 2028.
The Ahpun Field is comprised of a set of deltaic topset horizons which contain the predominate resource in the Field. It incorporates the oil reservoirs between the regional top seal and deeper Hue Shale. The Kodiak Field is effectively one giant basin floor below the Hue Shale and above the HRZ shale. There are other regional discoveries in and around Ahpun and Kodiak which include the Kuparuk oil zone and a system of separate fan plays including the Slope Fan System and the Upper Basin Floor Fan. These discoveries will be part of Pantheon’s long term appraisal plan where activity will commence following investment decisions on Kodiak development.
