BP America retains independent corrosion experts

BP America Chairman and President Bob Malone today announced that he has retained three eminent corrosion experts to independently review and make recommendations for improving the corrosion inspection, monitoring and prevention program in place at Prudhoe Bay and in other BP-operated Alaska oil fields. This action follows the August 6 decision to halt production from the eastern side of the Prudhoe Bay field following the discovery of unexpected corrosion in an oil transit line. BP Exploration Alaska, Inc. (BPXA) halted production to avert the potential for an oil spill. Earlier in the year, an estimated 5,000 barrels leaked from a pipeline in similar service on the western side of the field.