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BP exits Alaska with US$5.6 billion sale to Hilcorp

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29 August 2019

BP exits Alaska with US$5.6 billion sale to Hilcorp

Report summary

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. The deal has reverberations for Alaska as it changes the operator of the state's largest and most renown field: Prudhoe Bay. BP's Alaska assets include a 26.4% interest and operatorship of the giant Prudhoe Bay field, interests in the producing Milne Point and Point Thomson fields as well as non-producing leases. The fields produce ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Hilcorp
    • BP
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

  • 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:

  • Document

    BP exits Alaska with US$5.6 billion sale to Hilcorp

    PDF 4.31 MB

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