The Liberty field, with an estimated 150 million barrels of recoverable oil, was to have been the first producing oil field located entirely in the Outer Continental Shelf, in the icy Beaufort Sea. It's in limbo now. (From alaskabeacon)
began on the giant rig BP had built for Liberty; the rig wound up never drilling a single well. In 2019, BP announced it was leaving Alaska and selling off its remaining assets – including Liberty – to Hilcorp. That sale was made final in 2020.
The problem with such long-distance directional drilling is that it would have required too much drilling through a difficult shale layer, called, that is known for swelling and slumping, Myers said. Typically, operators on the North Slope try to limit their penetration of the Kingak layer, he said. Despite the stall, there are still factors weighing in favor of Hilcorp eventually developing the Liberty project, Myers said.
On the negative side is Liberty’s location, Myers said. “Offshore is always more tricky than onshore,” he said. Arctic ice – which can gouge underwater oil structures – is one of the major complications, he said.of remaining Beaufort Sea territory from future oil and gas leasing schedules. The action putting the unleased portions of the Beaufort off-limits to future development came at about the same time the administration approved the Willow project.
Though they were both seen at different times as groundbreaking Arctic Alaska developments, there are some important differences between Willow and Liberty.
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Liberty, an ambitious offshore Alaska oil project that once sparked excitement, is now in limboBefore ConocoPhillips’ massive Willow project emerged as a subject of excitement and controversy, a different North Slope oil project promised to open a new Alaska oil frontier. Via AlaskaBeacon
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