A royalty question
BP has taken the state to court to force arbitration over royalty dispute
Alan Bailey Petroleum News
BP Exploration (Alaska) has taken the state of Alaska to court, claiming that arbitration procedures must be invoked to settle a dispute over the royalty value of oil produced on the North Slope. Royalties due to the state are calculated using the wellhead value of the oil. That value, essentially,....
[additional news subjects in this story]
Contentious calculations Costs disallowed in 2013 State says costs not subject to arbitration BP: arbitration is required
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