Alaska Gas Producers To Work On Pipeline
The three major Alaska North Slope natural gas producers have agreed
to a joint work program on an Alaskan pipeline project.
Ultimately, such a project would involve a pipeline system to deliver
gas from Alaska's North Slope to Canada and the Lower 48 in the United States.
The participants in the program are BP
plc, Phillips Petroleum Company and ExxonMobil
Corporation
. The costs and governance will be shared equally
among the three producers. The participants believe that having the three
major producers working together, combining their gas, financial and technical
resources, gives the project its best chance for success. Participation by
other companies will be considered in the future.
The costs and scope for this first step are still being developed and
will primarily be a function of the level of activities associated with the
route options. At this point, the initial work program is expected to cost
about $75 million (U.S.). The work effort will be primarily managed and
staffed in Anchorage, with other potential joint work locations in Canada and
the U.S.
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