Valdez, Alaska The original town site was dismantled and abandoned. From 1975 to 1977, the Trans-Alaska pipeline was built to carry oil from the Prudhoe Bay oil fields in northern Alaska to a terminal in Valdez, the nearest ice-free port. Oil is loaded onto tanker ships for transport. The construction and operation of the pipeline and terminal boosted the economy of Valdez. The 1989 "Exxon Valdez" oil spill occurred as the oil tanker "Exxon Valdez" was leaving the terminal at Valdez full of oil. The spill occurred at Bligh Reef, about from Valdez. Although the oil did not reach Valdez, it devastated
Montara oil spill Australia and the operator of the oil field should be held responsible for any environmental damage caused by the oil spill. In June 2010, the East Nusa Tenggara provincial government estimated that economic losses due to the pollution of the Timor Sea resulting from the Montara spill amounted to more than 2.5-3 trillion rupiah (Rp) or $318–382 million (AUD). The loss was born exclusively by the fishermen and coastal residents whose living was dependent on marine resources. The Indonesian president, Susilo Bambang Yudhoyono announced that the Indonesian government would seek compensation from PTTEPAA because he believed the lives of Indonesian