BP confirms discovery
While ARCO reaps the glory of discovering Prudhoe Bay, BP claims a bigger prize with 60 percent of the oil under its leases
After British Petroleum, or BP, turned down an offer from ARCO in 1968 to purchase all its Prudhoe Bay area leases, the company quickly decided to resume drilling.
With 48 hours’ notice, a barge and drilling rig with 4,500 tons ancillary equipment was headed from the southern part of the state to th....
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