BP Plc, the largest producer of oil and natural gas in the U.S., suspended construction of a drilling rig at its Liberty project in Alaska to “take time to evaluate the safety systems” on the rig, Steve Rinehart, a company spokesman, said in a telephone interview.BP’s Liberty project, estimated to cost more than $1 billion, is designed to tap a field in the Beaufort Sea estimated at more than 100 million barrels, according to the project website.
Production was expected to begin in 2011 and has now been delayed, Rinehart said. “We don’t have a new schedule,” he said.
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Source: Bloomberg
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