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BP: Pipeline Shutdown Could Last Weeks
Aug 7 02:46 PM US/Eastern
By MARY PEMBERTON
Associated Press Writer
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ANCHORAGE, Alaska (AP) - BP PLC said Monday it will replace 73 percent of the pipelines from the nation's largest oil field and that it could be closed for weeks or months, crimping the nation's oil supplies at a time of peak demand.

BP, the world's second-largest oil company, began shutting down the pipelines on Monday and said it would replace 16 miles of the 22 miles of transit pipeline in the Prudhoe Bay field following a leak discovered Sunday.

Company officials told a news conference they did not immediately know how much it would cost to replace the lines. They will continue to keep the oil field closed and bring parts back into service once it's safe to do so.


Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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