BP's Selling Off Its Alaska Oil Assets. The Buyer Has a History of Safety Violations.
BP’s stake in the Trans Alaska Pipeline and the giant Prudhoe Bay oil field are both part of the sale. By Sabrina Shankman One of Alaska's biggest oil producers—BP—announced Tuesday that it is selling all of its Alaska operations to Hilcorp,...
BP’s stake in the Trans Alaska Pipeline and the giant Prudhoe Bay oil field are both part of the sale.
One of Alaska's biggest oil producers—BP—announced Tuesday that it is selling all of its Alaska operations to Hilcorp, a privately-owned company with a troubled safety and environmental track-record.
The $5.6 billion sale includes BP's stakes in the Trans Alaska Pipeline and the Prudhoe Bay oil field, one of the nation's largest and once its most productive oil field, which BP currently operates.
