BP shuts biggest US oil field

by southasian_birdy | August 7, 2006 at 07:35 am
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Oil producer BP Plc began shutting down on Sunday the biggest oilfield in the United States, Alaska's Prudhoe Bay, after discovering a small pipeline leak, cutting output by 400,000 barrels daily and sending oil prices up nearly 2 percent.

BP, already part of a criminal probe into a much bigger Alaskan pipeline rupture in March, was unable to estimate when output might resume at the field, which accounts for about 8 percent of U.S. domestic crude oil production.

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