NEWS BULLETIN

October 29, 2014 --- Vol. 20, No. 55October 2014

BLM issues final SEIS for Greater Mooses Tooth

The companies don't have winter tundra travel clearance on the North Slope yet and probably won't until the end of December or the beginning of January. Leon Lynch of the state Division of Mining, Land and Water said Dec. 19 that he had been out measuring frost depth and it was at about nine to 10 inches; 12 inches of frost are required for tundra travel. Six inches of snow is also required, and Lynch said that part of the problem this year is that there are about 12 inches of snow which came early and has been insulating the ground and delaying the frost. It also hasn't been cold enough to help develop enough frost, he said. Lynch said that both Phillips and BP have been given permission to pre-pack the trails they need to get to their National Petroleum Reserve-Alaska prospects. He said they take summer approved tundra vehicles like rolligons out and pack the snow, which helps drive the frost depth down.

AIDEA completes Mustang project deal

The Alaska Industrial Development and Export Authority said today that it has completed deal structuring with CES Oil Services to jointly finance and own oil and gas production and processing facilities at the Mustang field on Alaska's North Slope.

AIDEA and CES will own the facility; Brooks Range Petroleum Corp. will build and operate the facility. AIDEA will invest up to $50 million.

AIDEA previously invested $20 million for the construction of the Mustang road and pad.

- KRISTEN NELSON

See story in Nov. 9 issue of Petroleum News, available online Friday, Nov. 7, at www.PetroleumNews.comenough to help develop enough frost, he said.

Lynch said that both Phillips and BP have been given permission to pre-pack the trails they need to get to their National Petroleum Reserve-Alaska prospects. He said they take summer approved tundra vehicles like rolligons out and pack the snow, which helps drive the frost depth down.


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