State, BP heading into arbitrationAt issue is potentially hundreds of millions of dollars in compensation for production shortfalls after 2006 spills at Prudhoe Bay Wesley Loy For Petroleum News
The state and BP are about to begin arbitration proceedings over the 2006 pipeline leaks in the Prudhoe Bay oil field.
The stakes are high, with potentially hundreds of millions of dollars on the line.
The arbitration stems from a civil suit the state filed against BP Exploration (Alaska) Inc. in Ma....
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Back taxes, royalties sought Private proceedings How much money?
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