Apr 9, 2008
BP, ConocoPhillips team up to build pipeline in Alaska
“It will allow us to keep our North Slope fields in production for another 50 years.”
- Two of the world's largest oil companies announced plans Tuesday to jointly develop a multibillion-dollar natural gas pipeline to move North Slope natural gas to U.S. markets through Canada.
Britain's BP PLC and ConocoPhillips, based in Houston, said they plan to spend US$600 million in the first phase of the project over the next three years.
The plan, dubbed Denali - The Alaska Gas Pipeline, is to deliver natural gas via a 3,200-kilometre pipeline from the energy rich North Slope in Alaska to a pipeline hub in Alberta, which has links to numerous other markets. Read more
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