BP Amoco buys ARCOFour decades of North Slope competition, partnership end in buyout as BP Amoco makes offer for Atlantic Richfield Kristen Nelson PNA News Editor
Reports of acquisition talks between BP Amoco p.l.c. and Atlantic Richfield Co. were confirmed April 1 when BP Amoco said it was buying ARCO in an all-paper transaction valued at $26.8 billion.
In Anchorage, Richard Olver, managing director and executive vice president of BP Amoco, called it the “f....
[additional news subjects in this story]
Cost reduction the goal Single operator at Prudhoe Bay discussed Regulatory approval required Rich opportunities, reduced cash flow
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