BP to Cut Alaskan Oil Production
From Wall Street Journal
The company that operates the Trans Alaska Pipeline told operators on the North Slope to cut crude production by 95%, after discovering an oil leak.
Alyeska Pipeline Service Co.’s order was a big blow for BP PLC, the largest oil producer in Alaska. The centerpiece of BP’s operations in the state is at Prudhoe Bay, the largest producing oil field in the U.S.
The North Slope of Alaska produces about 630,000 barrels of oil a day-about 9% of total U.S. output. BP accounts for nearly two-thirds of that.