BlueCrest Energy has been approved for a $30 million financing package to pursue offshore development of the Cosmopolitan Unit near Anchor Point.
The Alaska Industrial Development and Export Authority announced the deal last week.
BlueCrest CEO Benjamin Johnson said the project will bring 300 short term jobs to the Kenai Peninsula…
Johnson: “The construction work will last approximately a year and we should start ramping up on that mid/late 2015 and that will continue into probably the third quarter of 2016.”
BlueCrest will drill 33 wells over seven years with a goal of producing 8,000 barrels per day. The crude will be trucked to the Tesoro Refinery in Nikiski.
The onshore facility will target deep oil reserves and platforms will later be added to draw out natural gas…
Johnson: “The platforms are constructed elsewhere and they’re floated in, they’re brought in, and sunk into the sea. That will take about 3 or 4 months each. Once we set those up, we’ll probably have another 40 or 50 people. But then while we’re drilling the wells offshore, that’s where we’ll have at least 60 people at a time on the offshore jack up rig and we anticipate keeping that rig busy about 7 months a year.”
BlueCrest has also announced plans to work with WesPac on a LNG plant in Port MacKenzie which would package and supply LNG to utilities and smaller industrial markets.