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What the BP-Hilcorp deal means for Alaska
Corporate Week In Brief Podcast
1 minute read
We venture to Alaska and reflect on this week's BP-Hilcorp deal
On 27 August 2019, BP announced the sale of its entire Alaska business to Hilcorp. All upstream and midstream assets will be sold for US$5.6 billion. That makes Hilcorp the second-largest producer and reserves holder in the state. And it changes the operator of the state's largest and most renowned field, Prudhoe Bay. Upstream analyst Rowena Gunn has been to Anchorage to meet with companies, governments and industry groups. Get her hot take on the deal and what it means for Alaska.