Skip to comments.BP lays out development plans in Alaska
Posted on 01/14/2013 8:13:55 AM PST by thackney
An executive with BP Alaska says the company plans to add two new rigs on the North Slope this year. But Phil Cochrane says the company won't search for or produce new sources of oil.
In prepared remarks to an Alaska Support Industry Alliance conference in Anchorage, Cochrane said the rigs will be used to accelerate production from existing reserves. He said it's a response to a state policy that discourages investment.
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