ANCHORAGE Sep 29, 2005 (Dow Jones Commodities News Select via Comtex)
BP (BP) has launched a shutdown to refurbish dozens of North Slope oil wells as part of a multi-million dollar campaign to improve safety.
The shutdown will stop about 20,000 barrels of production a day. North Slope production has averaged more than 800,000 barrels a day so far this month.
BP Alaska spokesman Andrew Van Chau says a review of some 2,000 wells at Prudhoe Bay and the neighboring Endicott field, found that about 70 wells need improvements. It will cost about $2 million to overhaul each well.
The process of shutting down the wells began last week.
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