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Alaska oil finds trigger huge lease hopes and pipeline plan
The Prudhoe Bay discovery spurs estimates of 5 to 500 billion barrels potential with Alaska counting a possible $1 billion annual income. State leases cover about 907000 acres with 450858 acres open for bid. Operators including Atlantic Richfield Humble and BP plan an 800 mile pipeline to Valdez at a cost around 900 million dollars.
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