BP Heavy Oil Pilot Project Well Starts Production

Energy Investing

Forbes reports that BP Alaska officials are likely to invest about a $100 million for the trans-Alaska pipeline.

Forbes reports that BP Alaska officials optimistic about a $100 million investment for the trans-Alaska pipeline.

The market news is quoted as saying:

For more than a week, the company has produced about 350 barrels per day of new heavy crude oil – petroleum with the viscosity of molasses or cold honey – from a test well in the Ugnu Formation in the Milne Point lease area on Alaska’s North Slope.

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