Phillips Petroleum capital budget up 2 percent; Alaska share downAlaska capital projects include 10 exploration wells; millennium class tankers; facility expansion at Alpine; Kuparuk and Prudhoe Bay satellite development By Petroleum News • Alaska
The board of directors of Phillips Petroleum Co. has approved $3.5 billion for capital projects in 2002, up from $3.1 billion for 2001.
Alaska's exploration and production capital budget did not see an increase. Instead, it has dropped more than 14 percent, to $807 million from $942 million in 2001....
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International competition Fewer wells
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