Word: bp
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Dates: during 2000-2009
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There is no question that Prudhoe Bay, the nation's largest oil field, is in decline. Production has slumped from a daily average of 1.6 million bbl. in 1988 to just 425,000 bbl. in 2005. To extract whatever oil remains, BP, which operates the field for a consortium of petroleum companies that includes ConocoPhillips and Exxon Mobil, has been taking measures that may have unintentionally raised the risks. Drilling more wells to further develop Prudhoe just adds to the more than 1,700 miles of pipeline that already crisscross the North Slope, increasing the chance of leaks. And other...
...searingly cold March morning, still 2 1/2 hours before sunrise, a BP worker driving along an empty access road at Alaska's Prudhoe Bay oil field suddenly smelled...
...BP says that it increased corrosion-management spending 16% from 2004 to 2005 to meet these challenges. But an alarming Department of Transportation document obtained by the Anchorage Daily News raises questions about BP's diligence in inspecting its pipelines, pointing to no fewer than six other anomalies found on the same 10-mile stretch of pipeline, including a spot where the pipe had corroded so badly it was less than 0.04 in. thick...
...company had previously expressed surprise at the pipe's leak, but in the wake of the Department of Transportation fix-it order, BP admitted that an earlier inspection of the pipe had revealed numerous weaknesses that were, for unknown reasons, rapidly worsening. The federal order was also noteworthy because BP had previously tried to argue that the federal government had no jurisdiction to oversee the pipe in question...
...Company spokesman Daren Beaudo said BP already had planned to take many of the steps the Transportation Department ordered. He added that the company spends aggressively to combat corrosion, a major threat to the aging pipelines of Prudhoe...