BP increases Alaskan oil output


Oil giant BP has restored production at its GC-2 gathering centre in the Prudhoe Bay field to 200,000 barrels per day.

GC-2, which separates oil from natural gas and water as it emerges from the ground, is situated on the western side of the Alaskan oilfield, the largest in the US.

Production was restrained last week after a compressor failure, but output has now been boosted by 90,000 barrels per day (bpd) after the glitch was solved.

At the previous levels of 110,000 bpd, production was at about a quarter of normal output.

But the eastern side of Prudhoe remains out of production after a corroded pipeline was detected.

BP has announced that it intends to replace the 16 miles of corroded pipeline at a cost of about $100 million (£89 million).

The UK oil giant jointly owns the field with ConocoPhillips and Exxon Mobil.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure