BP Orders Fourth "Alaska Class" Tanker.

• Position: Oil & Gas - Brief Article

BP Exploration (Alaska) Inc. has placed an order for a fourth, state-of-the-art; double-hull oil tanker for use in delivering Alaska North Slope crude oil to refineries on the U.S. West Coast. BP placed orders for three tankers in September 2000.

Design work is under way, and construction of the 1.3 million-barrel-capacity tankers will begin in early 2002. National Steel and Shipbuilding Co. of San Diego is scheduled to deliver the first ship in late 2003 with subsequent ships being delivered in 2004, 2005 and 2006. BP will complete conversion of its Alaska fleet to double hulls in 2006.

The four-ship order, with options for two additional tankers, has been matched to BP's Alaska production plans for the next decade. In addition to double hulls, BP's new "Alaska Class" tankers will be built...