The Mustang field, moribund since initial production in 2019, is slated to have new ownership within the month, after the Alaska Industrial Development and Export Authority board voted in September to authorize the agency
After being bailed out by Alaska's state government, North Slope oil field is eyed for sale adn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adn.com Daily Mail and Mail on Sunday newspapers.
Alaska North Slope production averaged 424,619 barrels per day in August, down 7,149 bpd, 1.7%, from a July average of 431,768 bpd and down 6.1% from an August 2022 average of 452,270 bpd.
Crude oil accounted for 91.4% of the August total, 388,087 bpd, down 753 bpd, 0.2%, from a July average of 388.
On Aug. 31, ConocoPhillips Alaska Inc. applied for a Torok participating area in the Kuparuk River unit, a move that followed its June 1 announcement that funding had been approved for developing the Nuna project from Drillsite 3T, or DS 3T, on the northwestern edge of the unit.
(See map in the onl.