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.