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Vol. 4, No. 12 Week of December 28, 1999
Providing coverage of Alaska and northern Canada's oil and gas industry


Officials ink charter between BP-Amoco, ARCO and state

Revised agreement requires divestiture of 50.01 percent of Kuparuk, 50.01 percent of one NPR-A exploration fairway, changes gas sale provisions

Kristen Nelson

PNA News Editor

On Dec. 2, officials from the state of Alaska, BP Amoco p.l.c., BP Exploration (Alaska) Inc. and ARCO Alaska Inc. signed a charter for development of the Alaskan North Slope, clearing state objections to BP Amoco’s acquisition of ARCO. Signing for the state were Gov. Tony Knowles, Commissioner of R....

    [additional news subjects in this story]

Some flexibility lost

Changes in exploration divestiture

Entirely new gas provision

Environmental requirements strengthened

BP says agreement a landmark

ARCO shareholders price won’t change


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