Army Corps Greenlights ConocoPhillips' Alaska Drilling

Law360, New York (December 19, 2011, 10:25 PM EST) -- The U.S. Army Corps of Engineers on Monday issued a permit giving ConocoPhillips the final approval it needs to launch the first oil and gas production in a key Arctic petroleum reserve.

The Alaska District of the Corps issued a permit authorizing construction of a drill pad, a six-mile long access road, four bridge crossings, two valve pads and new pipeline support structures that will allow the oil company to drill in the National Petroleum Reserve in Alaska.

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