BP Pays $25.3 Million in Settlement.

• Position: BP Exploration (Alaska - Brief Article - Statistical Data Included

BP Exploration (Alaska) Inc. paid the state $25.3 million recently to settle two years of outstanding tax issues. The settlement covers disputed production taxes and conservation taxes for 1996 and 1997 on BP's share of oil production at the Prudhoe, Kuparuk, Endicott and Milne Point fields.

"BP sat down and was willing to listen and consider our views, and presented some of its own ideas," said Alaska Revenue...