Bad news: North Slope spending down. Good news: Third rotary drill rig going to Prudhoe Bay

Larry Persily

Petroleum News Juneau correspondent

Although the three major North Slope producers are working toward reducing operating costs, they still spend far in excess of $1.5 billion a year on goods and services purchased from Alaska businesses. ConocoPhillips, which operates the Kuparuk River unit, spent more than $600 million with Alaska bu....

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Spending on downward trend

BP to add third drill rig at Prudhoe Bay

Conoco’s 2004 spending decisions pending