MARKETS

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.

US$5.6 billion deal

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 Dudley...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.