By Houston Business Journal

Alyeska Pipeline Service Co. has completed repairs on its Trans Alaska Pipeline and oil is flowing again, according to news reports.

Michael Levshakoff, a spokesman for Alyeska, told Bloomberg that the repairs were completed at 3:40 a.m. local time Monday. Reuters reported that company officials expect the flow to reach 500,000 barrels a day by Jan. 18.

The pipeline carries 11 percent of U.S. crude production.

The Trans-Alaska Pipeline System was shut earlier this month because of a leak, forcing BP Plc (NYSE: BP), Exxon Mobil Corp. (NYSE: XOM) and Houston-based ConocoPhillips (NYSE: COP) to cut production from the North Slope area.

Click here to read the Reuters report with updated production information.

Copyright 2011 American City Business Journals

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