BP starts developing Liberty oil field

Full story: Pasadena Star-News

BP PLC has started drilling the world's longest wells to a hard-to-reach offshore reservoir in the Beaufort Sea, the company said Monday.
Comments
1 - 1 of 1 Comments Last updated Jul 15, 2008
Syrin

Wasilla, AK

#1 Jul 15, 2008
Suttles said the location in federal waters offers a financial advantage, now that Alaska has increased its oil-production tax rates.

"If this were on state land...it's doubtful we would have been able to move it forward with the current tax rules," he said. That is because of the incrementally increasing tax rates, rising as oil prices rise, that are incorporated into the year-old state tax law, he said.

All media seems to have left this potion of the statement out. Why?

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Prudhoe Bay Discussions

Title Updated Last By Comments
An Affair In Prudhoe Bay Jun '14 slipperyslope 1
Bulletin 02/09/14 (Feb '14) Feb '14 Ray 1
Who do you support for U.S. House in Alaska (Di... (Oct '10) Apr '13 gee 6
AK Who do you support for Governor in Alaska in 2010? (Oct '10) Feb '13 Nope 24
Shell learning about the Arctic the hard way (Nov '12) Nov '12 Eric 1
Free Alaska Pipeline on-line novel (Nov '12) Nov '12 Mike de Anahein 1
'Ice Road Truckers': No Lisa Kelly on IRT Season 6 (Jun '12) Sep '12 quanah 13
•••
•••
•••

Prudhoe Bay Jobs

•••
Enter and win $5000
•••
•••

Prudhoe Bay People Search

Addresses and phone numbers for FREE

•••

Prudhoe Bay News, Events & Info

Click for news, events and info in Prudhoe Bay
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••