BOEM Seeks Public Comment on Liberty Prospect Development and Production Plan

By The Bureau of Ocean Energy Management

The Bureau of Ocean Energy Management (BOEM) announced today that a Development and Production Plan (DPP) received from Hilcorp Alaska, LLC (Hilcorp) relating to oil and gas development on the Liberty Prospect was deemed “submitted,” – or deemed complete to move forward in the government’s review process – initiating a 60-day period for the public to review and comment on the DPP.

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New Liberty development plan relies on old-style island concept

By Yereth Rosen, Alaska Dispatch News

The new operator of a long-delayed offshore oil prospect in the Beaufort Sea is moving forward with a new plan modeled on old fields.

Hilcorp Energy Co., the privately held, Texas-based exploration and production company that acquired many of BP Plc’s Alaska assets, has completed its plan to develop the offshore Liberty prospect and start producing oil from it, the Bureau of Ocean Energy Management said Friday.

The new Liberty development and production plan is deemed “submitted,” according to BOEM terminology, meaning that public review and a formal environmental impact statement will start.

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Hilcorp files plan for Liberty field development

By Tim Bradner, Alaska Journal Of Commerce

Hilcorp Energy has filed a plan for developing the Liberty offshore field after closing its deal to acquire 50 percent of the unit from BP. Hilcorp also acquired 100 percent of the Northstar and Endicott fields from BP, and 50 percent of Milne Point. The company plans for an offshore gravel island similar to Northstar to develop Liberty.

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Hilcorp will pursue Liberty development

By Alan Bailey, Alaska Dispatch News

Having purchased a large slice of BP’s interests in four BP northern Alaska oil fields, Hilcorp Alaska is going to file a new proposed plan of the development for the Liberty field, offshore in the Beaufort Sea. Hilcorp has acquired a 50 percent interest in Liberty and is now the field operator. Hilcorp has also acquired all of BP’s interests in the Endicott and Northstar fields in the Beaufort Sea and a 50 percent interest in the Milne Point field in the central North Slope.

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Hilcorp expands Alaska asset base to the North Slope

Company confirms agreement to acquire interests in four of BP’s North Slope assets

Anchorage, Alaska — As previously announced, Hilcorp Alaska, LLC (Hilcorp) has entered into an agreement with BP to purchase interests in Endicott, Milne Point, Northstar and Liberty; Endicott Pipeline and the Northstar Pipeline. This will be the third major acquisition for Hilcorp in Alaska since 2012.

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