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Alaska North Slope

   Also found in: Wikipedia 0.10 sec.
Alaska North Slope or Arctic North Slope, region, N Alaska, sloping from the Brooks Range N to the Arctic Ocean. In 1968 large petroleum reserves were found in the Prudhoe Bay Prudhoe Bay, inlet of the Beaufort Sea and Arctic Ocean, N Alaska, in the Alaska North Slope region, east of the Colville River delta. In 1968 one of the largest oil reserves in North America was discovered in Prudhoe Bay.
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 area. In 1977 the 800-mi (1,287 km) Trans-Alaska pipeline was completed to carry oil S to the port of Valdez, on the Pacific. Proposals for oil and gas exploration in the Arctic National Wildlife Refuge, E of Prudhoe Bay, have brought continuing controversy. A 2003 National Research Council report on drilling concluded that lasting environmental damage had resulted because the harsh climate slows natural recovery and because there is little incentive to restore areas where drilling has ceased.


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Earlier this month, the commission sued to block the takeover, contending it would constitute a monopoly that could selectively raise prices for consumers of Alaska North Slope crude.
An agreement was also reached with the state of Alaska committing the combined company to reduce its ownership of Alaska North Slope crude oil production.
The Company will continue to assess the Alaska North Slope crude supply and adjust supply patterns as necessary.
 
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