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Oil & Gas

BP Suspends Construction of Rig off Alaska Coast

December 02, 2010
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BP PLC is suspending construction of a huge oil rig off Alaska''s coast to review its engineering and design plans and ensure the Liberty project can be done safely, according to the Associated Press. BP Alaska spokesman Steve Rinehart said a few issues were encountered over the last year in working to assemble the rig, but he said no one issue caused BP to pull back and none of them has caused the company to second-guess whether the unusual project is doable. No timeline was given for construction to resume. The delay is expected to affect about 100 jobs, generally belonging to contract employees.

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