Conoco Closes In On Drilling Project In Alaska

Law360, New York (December 6, 2011, 5:46 PM EST) -- U.S. environmental regulators agreed Monday to allow ConocoPhillips to build a pipeline and bridge over a major river in northern Alaska, bringing the energy giant closer to launching the first oil and gas production in a key Arctic petroleum reserve.

The U.S. Environmental Protection Agency and the Fish and Wildlife Service reached an agreement in principle with ConocoPhillips to construct a pipeline and bridge over the Colville River to carry oil, gas and equipment from the National Petroleum Reserve-Alaska.

The 22.6 million-acre reserve, which is managed...
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