BP in Alaska: Alaska’s 1969 windfall
Prudhoe Bay discovery attracts bidders from around world to lease sale auction
For Petroleum News
The size of the Prudhoe Bay field attracted worldwide attention, and this translated into an enormous level of interest. By the time the sale rolled around on Sept. 1, 1969, the Anchorage airport was home to at least a dozen corporate aircraft and the city’s hotels were bustling. Companies went to e....
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