BP to cut Alaska budget by 15% to $850 million

摘要

Anchorage-BP will trim its 2010 capital investment budget for Alaska by about 15% to $850 million, a company official said November 18. John Minge, president of BP's Alaska unit, told a business conference in Anchorage that volatility in oil and gas prices, high operating costs for companies on the Alaska North Slope and state production taxes created a poor investment climate.