AIDEA completes Mustang project deal - November 02, 2014

Providing coverage of Alaska and northern Canada's oil and gas industryNovember 2014

Vol. 19, No. 44

Week of November 02, 2014

AIDEA completes Mustang project deal

The Alaska Industrial Development and Export Authority said Oct. 29 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.

(See full story in Nov. 9 issue of Petroleum News.)

- Petroleum News

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