SOHIO/BP Trans Alaska Pipeline Finance Inc. $5,000 Bond

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Vintage Stock Certificate

Product Code: 1373-2

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Description

The Sohio/BP Trans Alaska Pipeline Finance company was set up to finance the massive and expensive undertaking of creating the Trans Alaska Pipeline. More than $8 billion dollars was spend to build over 800 miles of pipeline. The project employed tens of thousand of workers who endured long hours and freezing cold conditions. The completion resulted in an economic boom for the State of Alaska which is still highly reliant on the income produced from the pipeline today. SOHIO (Standard Oil of Ohio founded by John D. Rockefeller) and BP (British Petroleum) partnered on the deal and BP eventually acquired Sohio's North American Interests including their interests in the Alasakan oil fields.

This certificate represents one of America’s most daunting construction projects. The pipeline now allows the lower 48 states access to the huge oil fields of northern Alaska. This Bond certificate was issued in the 1970s.