Lease Award, Fairbanks, AK

State: AK City: Fairbanks ABOA SF: 630 RSF: 756 Parking: 3 surface Full Term: 10 years Firm Term: 5 years Options: None Additional Requirements: Statute 42 USC 7144d created the Office of Arctic Energy for the purpose of promoting research, development and deployment of electric power technology that is cost-effective and especially well suited to meet the needs of rural and remote regions of the United States, especially where permafrost is present or located nearby and to promote research, development and deployment in such regions of (A) enhanced oil recovery technology, including heavy oil recovery, reinjection of carbon, and extended reach drilling technologies, (B) gas-to-liquids technology and liquefied natural gas (including associated transportation systems, (C) small hydroelectric facilities, river turbines and tidal power, (D) natural gas hydrates, coal bed methane, and shallow bed natural gas, and (E) alternative energy, including wind, geothermal, and fuel cells. The statute specifically states that the Office of Arctic Energy shall be located at a university with expertise and experience in the matters spelled out in its mission above. This narrowed the delineated area to the University of Alaska Fairbanks which is the only university in Fairbanks that has the expertise and experience in those matters.