NEWS BULLETIN

April 16, 2019 --- Vol. 25, No.15April 2019

CORRECTION - Milne Point Moose Pad online at 3,000 bpd

Hilcorp Alaska brought its new Moose Pad at Milne Point online in early April.

The initial production rate is 3,000 barrels per day from two wells, Hilcorp Alaska spokeswoman Lori Nelson told Petroleum News in an April 15 email.

"Drilling and facility construction activities are ongoing," Nelson said, adding that those facilities will make additional production possible from a planned total of more than 25 producing wells.

The total investment to fully develop Moose Pad and its facilities will be $400 million, Nelson said. Peak production from Moose Pad is anticipated to be some 22,000 bpd.

Hilcorp acquired a 50% interest in Milne Point as part of its acquisition of several BP properties on the North Slope in 2014; BP had been the field's operator since 1994 and retains a 50% interest.

The most recent production data available for Milne Point is for February, prior to startup of the Moose Pad. That data, from the Alaska Oil and Gas Conservation Commission, shows production Milne Point at 23,108 bpd.

- KRISTEN NELSON

See story in April 21 issue of Petroleum News, available online April 19 at www.PetroleumNews.com

For information on PN's news bulletin service, call 907-522-9469. PO Box 231651, Anchorage, AK 99523 - 1651


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