BP reveals hope for 2013 Alaska oil

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BP could begin producing oil off Alaska's coast in 2013, despite the building of the massive Liberty rig being suspended indefinitely

BP could begin producing oil off Alaska’s coast in 2013, despite the fact that the building of the massive Liberty rig has been suspended indefinitely.

BP said last year that it was suspending construction of the rig to review its engineering and design plans and ensure the Liberty project could be done safely.

The unusual project calls for using a man-made gravel island in the Beaufort Sea as a drilling base. A rig would drill horizontally for six to eight miles to tap what BP estimates is a 100-million-barrel reserve of recoverable oil.

BP Alaska spokesman Steve Rinehart said the project review was progressing but could not say when it would be complete or when building would resume.

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