BP Cuts Alaska Oil Production - Report

NEW YORK (TheStreet) -- BP PLC (BP) says it's shutting down 95% of its Alaskan oil production because of an oil leak at a pump station on the North Slope, according to a published media report.

BP said it was advised to make the reduction by Alyeska, which operates the Trans-Alaska Pipeline System, according to the report, which appeared on The Wall Street Journal's Web site.

Other oil companies operating on the North Slope were given the same order, the report said.

A BP representative said the leak was a "significant event," the Journal report added.

Production on the North Slope is around 630,000 barrels a day, or about 9% of the U.S. total, the report said.

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This article was written by a staff member of TheStreet.

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