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BP Exploration (Alaska) Inc. will spend $1.2 billion on capital projects in Alaska in 2009, a 30 percent increase over the $900 million spent in 2008, a company spokesman said Dec. 2. The increase comes even as BP suspends some marginal Prudhoe Bay field projects because of lower crude oil prices and state tax effects.
BP Exploration to spend $1 billion in Alaska in '09 121008 NEWS 3 Capital City Weekly BP Exploration (Alaska) Inc. will spend $1.2 billion on capital projects in Alaska in 2009, a 30 percent increase over the $900 million spent in 2008, a company spokesman said Dec. 2. The increase comes even as BP suspends some marginal Prudhoe Bay field projects because of lower crude oil prices and state tax effects.
Wednesday, December 10, 2008

Story last updated at 12/10/2008 - 11:29 am

BP Exploration to spend $1 billion in Alaska in '09

BP Exploration (Alaska) Inc. will spend $1.2 billion on capital projects in Alaska in 2009, a 30 percent increase over the $900 million spent in 2008, a company spokesman said Dec. 2. The increase comes even as BP suspends some marginal Prudhoe Bay field projects because of lower crude oil prices and state tax effects.

BP spokesman Steve Rinehart said the $300 million increase over current-year capital spending will be in three new projects as well as the company's 50 percent share of spending by the Denali pipeline group.


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