Atlanta, GA 5/14/2008 6:16:29 AM
News / Business

Alaska Sued over Oil Rights

Alaskan officials reported on Monday that Exxon Mobil had filed a lawsuit for $800 million against the state over the revocation of oil and gas leases.

 

Exxon company officials and its lease partners claim the Alaska Department of Natural Resources breached an arrangement to develop a Point Thomson oil and gas field.

 

The company also filed a separate request that the Department of Natural Resources reconsider a plan for a gas field development project that had originally been rejected.

 

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