BP sells entire Alaskan business portfolio to Hilcorp

BP HAS announced it has agreed to sell its entire business in Alaska to Hilcorp. The sale, announced yesterday, is worth US$5.6 billion, which includes a 26.4% stake in Prudhoe Bay, the most prolific oil field in US history, and a 48.4% interest in the 1,300 km Trans Alaskan Pipeline as well as the Milne Point field and Point Thompson facility.

BP sells entire Alaskan business portfolio to Hilcorp BP sells entire Alaskan business portfolio to Hilcorp BP sells entire Alaskan business portfolio to Hilcorp BP sells entire Alaskan business portfolio to Hilcorp BP sells entire Alaskan business portfolio to Hilcorp

US$5.6 billion deal

 
"Alaska has been instrumental in BP's growth and success for well over half a century and our work there has helped shape the careers of many throughout the company," BP chief executive Bob

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