Kerr-McGee’s Nikaitchuq at NW Milne Point tests at 960 bpd
BP said Aug. 7 that its August Alaska North Slope crude oil term price is $27.63 a barrel, down 6.59 percent ($1.95 a barrel) from the July term price of $29.58 a barrel, which was the high so far this year.
The lowest the term price as been this year was $23.96 a barrel in May. The year-to-date average term price is $26.79 a barrel, up 96 percent from the comparable 1999 year-to-date average of $13.67 a barrel.
BP is the only ANS producer to post a term price.
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