'ALLIANCING' PROCESS HELPS BP CONTROL PRUDHOE BAY COSTS

Julian R. Darley BP Exploration (Alaska) Inc. Anchorage Production and revenues from America's largest oil field are declining. The cost of operating it is rising. If both trends were to continue unchecked, oil production at Prudhoe Bay on Alaska's North Slope could become uneconomic in the next decade. Simply maintaining operating expenditures at current levels -barring a dramatic, lasting increase in oil prices-would postpone the day of reckoning by only a few years.

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