North Slope producers, Alaska reach gas line accord

Alaska and all three North Slope producers have agreed on a natural gas pipeline contract, said Gov. Frank H. Murkowski, who proposed related legislation to reform Alaska’s oil production tax.Alaskan subsidiaries of BP PLC and ExxonMobil Corp. joined ConocoPhillips, which reached an accord with the state earlier, in the agreement to build a gas pipeline from the North Slope to the Lower 48.Murkowski said technical issues connected with the contract and oil fiscal stability terms still need to be addressed. He proposes to base oil taxation on net profits rather than production value.Once Alaska’s legislature approves the contract, the producer group could begin to make plans an...

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