BP to sell Alaska business to Hilcorp for $5.6B
Green Car Congress
AUGUST 28, 2019
BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. The sale will include BP’s entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP’s upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.’s s interest in the Trans Alaska Pipeline System (TAPS). BP began producing oil from Prudhoe Bay in 1977.