NEWS BULLETIN

May 12, 2016 --- Vol. 22, No. 25May 2016

Brooks Range targeting November 2017 for Mustang oil

Brooks Range Petroleum Corp. is moving ahead with its Mustang development on Alaska's North Slope and anticipates first oil from the field in November 2017, Jack Laasch, the company's operations and strategy manager, told a meeting of the Alaska Support Industry Alliance today. The company anticipates initial production of 6,000 barrels per day, with production peaking at 12,000 barrels per day in late 2018 and 2019, Laasch said.

Laasch said that the processing modules for the field have already been constructed and are currently staged in Canada. Brooks Range plans to ship the modules to the North Slope in the summer of 2017. The company completed the gravel pad and access road for the field some time ago but suspended the development after encountering some technical issues with its drilling program. The company has also been transitioning into new ownership.

Brooks Range plans to restart the engineering for the Mustang project in June of this year, Laasch said. Permitting and compliance work will also begin at around the same time. Development drilling will restart in the late second quarter of 2017, using a rig modified for use in the Mustang development, he said.

- ALAN BAILEY

See story in May 22 issue, available online Friday, May 20 at www.PetroleumNews.com


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