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BP Looks to Emerge From Rough Few Years

Sunday, June 24, 2007 12:42:39 PM
By STEVE QUINN

Lowry Brott stands outside British Petroleum's gathering station 1 on Alaska's North Slope Friday, June 15, 2007, as he recounts listening to the sound of the first oil flowing from Alaska's North Slope trough the 800-mile trans-Alaska pipeline. Oil production is in steady decline but the North Slope's largest operator BP PLC says the region is teeming with enough natural gas and a heavy grade oil to keep production going for another 50 years. (AP Photo/Al Grillo)PRUDHOE BAY, Alaska (AP) - Lowry Brott briefly closes his eyes as if he were listening to the first sounds of oil flowing 30 years ago from Alaska's North Slope into a pipeline that weaves 800 miles through several mountain ranges and hundreds of rivers and streams to Valdez.

"It was pretty robust," he said. "I'd compare it to a fast-moving freight train; that's what the sound was."

Today, oil production is in steady decline — about 6 percent a year — but the North Slope's largest operator, BP PLC, remains bullish about the future because of the region's untapped resources.


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