ConocoPhillips Alaska reaches settlement with State D.E.C.

FAIRBANKS, AK - ConocoPhillips Alaska, Inc. and the State of Alaska Department of Environmental Conservation have reached a settlement stemming from oil releases that occurred in 2006 and 2007.

The releases occurred in the Kuparuk River oil field which were later determined to be caused by corrosion of flow lines.

The lines carried a mixture of crude oil, water, gas and solids that come out of production wells.

ConocoPhillips Alaska will reimburse the state $112,273 in investigation costs and an additional $78,283 for the March 2006 release and $77,009 thousand for the December 2007 spill.

The two events combined released over 3 thousand gallons of contaminated water and nearly 14 hundred gallons of oil.