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BP to decrease number of rigs working at Prudhoe Bay

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ANCHORAGE, Alaska — BP has announced it will reduce the active rig count at Prudhoe Bay on Alaska’s North Slope, a move expected to cut oil production and more than 200 jobs.


Low oil prices have forced the company to reduce the number of rigs from five to two, The Alaska Dispatch News reported this week. The decision comes as BP Exploration Alaska recently announced a loss of $194 million in its annual report to the Securities and Exchange Commission.


http://fuelfix.com/blog/2016/03/09/bp-to-decrease-number-of-rigs-working-at-prudhoe-bay/?utm_source=WhatCountsEmail&utm_medium=newsmail_free_fuelfix&utm_campaign=FuelFixNewsLetter


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