P.M. BRIEFING : $1-Billion Alaska Gas Project
From Times Wire Services
NEW YORK —
The principal owners of the Prudhoe Bay oil field in Alaska announced today they will invest more than $1 billion to create additional natural gas handling facilities in the state’s North Slope region.
The new facilities are expected to increase liquids production in the field by about 100,000 barrels a day starting in 1995, said the principal owners: British Petroleum, Atlantic Richfield, Exxon, Mobil, Phillips Petroleum and Chevron.
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