40 Years at Prudhoe Bay: Owners work to unitize Prudhoe Bay
State-approved agreement creates participating areas for oil, gas; divides field
The State of Alaska required that the Prudhoe Bay oil field be developed as a unit, and not individually by the companies holding leases. The 16 initial owners agreed to two operators carrying out the development: BP-Sohio for the western side and ARCO the eastern side.
The agreement was very unusua....
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Valuing natural gas
BP wanted adequate manpower
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