Deal Insight
BP exits Alaska with US$5.6 billion sale to Hilcorp
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
*********UPDATE: 27 April 2020*********************BP announced revisions to the terms of its Alaska disposal to Hilcorp. The total consideration for the sale remains unchanged at US$5.6 billion but the structure of the consideration and phasing of payments has been modified. Under the original terms, Hilcorp was to pay BP US$4.0 billion near-term and US$1.6 billion through a subsequent earnout (we estimated this would be paid by 2022 under our previous base case). A US$500 million deposit ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Hilcorp
- BP
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- North Slope map
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
