BP shuts 100,000 barrels of output in Prudhoe Bay | SummitDaily.com

BP shuts 100,000 barrels of output in Prudhoe Bay

the associated press

WASHINGTON ” BP said Tuesday that it will shut down 100,000 barrels a day of its Alaskan oil production for a “few days” after discovering a water pipeline leak Monday at Prudhoe Bay.

Analysts said the temporary loss of output should not have a dramatic impact on world oil markets, but with crude futures trading near $66 a barrel, any snag in the industry tends to make energy traders jittery.

Light sweet crude for June delivery fell 32 cents to $65.95 a barrel in electronic trading on the New York Mercantile Exchange.

London-based BP said the leak was discoveerd in a 12-inch pipe that collects water separated from the oil and gas it produces.

“We’re putting together inspection and repair plans to return the facility to normal operations,” BP spokesman Neil Chapman in Houston said.

Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.

Your donation will be used exclusively to support quality, local journalism.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User