Williams completes TAPS deal - February 28, 2001

Providing coverage of Alaska and northern Canada's oil and gas industryFebruary 2001

Vol. 6, No. 2

Week of February 28, 2001

Williams completes TAPS deal

by The Associated Press

Williams Alaska Petroleum has completed its purchase of a 3.1 percent stake in the trans-Alaska oil pipeline from Mobil Alaska Pipeline Co. Terms of the deal were not disclosed.

Company officials said the ownership position would add to the company’s existing presence in Alaska and would boost earnings.

“Further, we believe that it strategically positions us to participate in the transportation of future hydrocarbons developed on the North Slope,” said Ralph Hill, senior vice president and general manager of petroleum services, exploration and production.

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