Alaska Journal of Commerce
December 04, 2008
By Tim Bradner
BP Exploration (Alaska) Inc. president Doug Suttles said his company will suspend work on a $120 million gas processing plant planned for the western part of the Prudhoe Bay oil field and will reduce its drilling by about 10 percent next year.
ConocoPhillips' Alaska president Jim Bowles warned that “things will get tougher next year” as oil producers struggle with high costs and high state taxes but sharply lower oil prices.
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