Brooks Range Petroleum will open Mustang Field facility
Brooks Range Petroleum Company will build and operate an oil and gas production and processing facility at the Mustang Field on Alaska’s North Slope. The facility will be owned by Mustang Operations Center1 LLC, an entity formed by agreement between the Alaska Industrial Development and Export Authority (AIDEA) and CES Oil Services Pte. Ltd. to finance the project.
The production facility is estimated to cost between $200 million and $225 million. Costs include connecting to the Alpine oil pipeline to transport produced crude oil to the Kuparuk oil pipeline and on to the Trans-Alaska Pipeline System. AIDEA will invest up to $50 million. The facility is expected to be complete by early 2016, according to a news release from AIDEA.
The project will generate 50 jobs related to design/engineering, environmental permitting and services, 250 construction jobs, 20 to 25 full-time operations positions and up to 200 indirect, long-term jobs, according to a press release from AIDEA. AIDEA’s overall $70 million investment is estimated to leverage more than $500 million of private investment in Mustang Field development.
The 15,000 barrels-per-day facility will process crude oil from the Southern Miluveach Unit (known as the Mustang Field). AIDEA and CES Oil Services Pte. Ltd will own the facility jointly through Mustang Operations Center 1 LLC.
In late 2012, AIDEA invested $20 million for the construction of the Mustang road and pad. That project was completed in April 2013.