Project Profile
Value: $1,500 Million
Startup Year: 2013
Location: Foggy Island Bay, Beaufort Sea
The liberty oilfield is located four miles off the northern coast of Alaska in Foggy Island Bay in the Beaufort Sea. The estimated recoverable reserves of the oilfield are 100 million barrels of oil and 78 billion cubic feet of natural gas. The oilfield is expected to produce over 40,000bpd.
BP is investing US$1.5 billion in developing the project. The production from the field is expected to last for 20-40 years. BP is looking to develop the oilfield from its existing facilities in the Endicott field in Prudhoe Bay and production from the oilfield will be carried out using the world\'s first ultra extended reach drilling (u-ERD) technology.
Operator:
BP Exploration Alaska
Contractor:
Parker Drilling: O&M for drilling rig