Oil well in Alaska shut down after oil spill - still spewing gas


BP Plc (BP.L) said workers on Alaska's North Slope had brought under control a company-operated well that spewed oil and gas over the weekend.

On Saturday night, workers were able to enter the wellhouse and slowly reduce the pressure. They claim that two leaks had sprung, one at the well's top and one at the well's bottom. The U.K. company didn't say how much oil or natural gas may have spilled.

A full assessment of the affected area will be made and remediation plans developed once it's secured, BP said. The good news is that based on aerial photographs of the well, the oil spill was contained in the gravel pad of the rig that is pumping oil and gas from the well. This was found by the statement of the Environmental Conservation Department of the state. This is because the cause of such a gas release is still unknown. "There have been no reports of impacted wildlife".

BP set up a unified command with state and federal regulators to address the leaking gas and oil. A second leak that was emitting gas at a reduced rate was closed off overnight on Sunday, Bloomberg reported, citing a spokeswoman for BP.

On Friday, an oil spill occurred at a well on the frozen tundra of Alaska's North Slope near Prudhoe Bay, The Wall Street Journal.

The North Slope is home to the biggest legacy conventional oil fields in the United States and has recently seen a revival after energy firms chose to try and extend these fields' productive lives and possibly even tap hitherto undiscovered deposits. 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.

Alaskan North Slope crude was valued at $1.90 a barrel over USA benchmark West Texas Intermediate on April 13.