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December 1, 2010 6:39 AM

BP stops work on drilling rig on Alaska's Beaufort Sea island

BP announced Tuesday it is suspending work on the most critical piece of its $1.5 billion Liberty oil field development in the Beaufort Sea -- a massive drilling rig because it needs to begin a broad engineering review of the rig to address a number of problems that have arisen during the rig's construction on a man-made island.

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