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BP to pay Alaska $255M for lost oil production

November 9, 2012 4:53 AM

ANCHORAGE, Alaska (AP) - BP Exploration (Alaska) Inc. has been ordered to pay the state of Alaska $255 million for royalties on oil production lost during 2006 spills and subsequent pipeline shutdowns to replace pipe on the North Slope. The state announced the award, reached by arbitrators Oct. 31, in... more »

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