Alaskan oil well leaking gas

Paterniano Del Favero
Aprile 21, 2017

The leak was discovered on Friday morning and responders are addressing it.

Fossil fuel companies have long eyed portions of Alaska's North Slope now off-limits to oil and gas production, including the Arctic National Wildlife Refuge, home to over 200 species of migratory birds and the last onshore area for polar bear dens.

"Source control has not yet been established", ADEC wrote in a report.

Shares in BP were down 2.3% at 460.15 pence Tuesday. They claim that two leaks had sprung, one at the well's top and one at the well's bottom. Fortunately, there were no reports on the matter of injuries or any kind of unintended harm towards the wildlife of Alaska. A second leak had been reduced but was still emitting gas, the Alaska Department of Environmental Conservation or ADEC said in a statement. The accident was the worst oil spill in the North Slope, but thankfully does not even come close to the millions of barrels that the Macondo well gushed into the Gulf of Mexico in 2010 when the Deepwater Horizon rig exploded, killing 11. The production of the North Slope rose to about 565,000 Barrels per day in the month of March, which was the highest since the year 2013's month of December.

"It's tough to determine collateral impacts at this point, but some incident-related slowdown at Prudhoe Bay seems at least a reasonable risk to consider", Tudor Pickering Holt & Co., a Houston-based energy investment bank, wrote in a Monday note. BP said infrared cameras on a flight over the site appeared to confirm that the oil released with the gas was contained on the gravel pad surrounding the well head and the tundra had suffered no damage. The well has been shut in since Friday. Back in 2009, a pipeline spilled some 1,100 barrels of crude in a BP-operated field.

Alaskan North Slope crude was valued at $1.90 a barrel over United States benchmark West Texas Intermediate last Thursday.

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