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Corps OKs ConocoPhillips' petroleum reserve access
Created on Monday, 19 December 2011 15:57Category: Commodities
ANCHORAGE, Alaska (AP) -- The Army Corps of Engineers has granted a permit to ConocoPhillips Alaska that will give the company access to the National Petroleum Reserve-Alaska.
The corps announced Monday that it is granting the permit to cross the Colville River on Alaska's North Slope.
In February 2010, the corps denied a permit for a bridge and said a buried pipe would be less environmentally damaging.
ConocoPhillips appealed, and the corps sought a review of the proposal by the Environmental Protection Agency and the U.S. Fish and Wildlife Service.
The agencies OK'd the bridge crossings two weeks ago provided that mitigation measures are met.
The corps' announcement says the permit authorizes construction of a drill pad, access road, four bridge crossings, two valve pads with access roads, and new pipeline support structures.
Courtesy Yahoo Financial News