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Vol. 24, No 1 Week of January 06, 2019
Providing coverage of Alaska and northern Canada's oil and gas industry


BP confirms discovery

While ARCO reaps the glory of discovering Prudhoe Bay, BP claims a bigger prize with 60 percent of the oil under its leases

Kay Cashman

Petroleum News

After British Petroleum, or BP, turned down an offer from ARCO in 1968 to purchase all its Prudhoe Bay area leases, the company quickly decided to resume drilling. With 48 hoursí notice, a barge and drilling rig with 4,500 tons ancillary equipment was headed from the southern part of the state to th....


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