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BP sells stakes in four Alaskan North Slope assets to Hilcorp Energy

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30 April 2014

BP sells stakes in four Alaskan North Slope assets to Hilcorp Energy

Report summary

Hilcorp Energy has expanded in Alaska in a US$1.5 billion deal. The acquisition of BP's interests in Endicott and Northstar, along with a 50-50 JV at Liberty and Milne Point, will see Hilcorp become the third private operator in the challenging North Slope region. BP's offloading will allow it to focus on the massive Prudhoe Bay field, and advancing the proposed Alaska LNG export project.

Table of contents

  • Executive summary
  • Transaction details
    • Liberty
    • Milne Point
    • Endicott and Northstar
  • Deal analysis
    • Tax uncertainty is the largest risk
    • Upside potential from the region's massive heavy oil resources
    • Hilcorp expands to the North Slope
    • BP to focus on Prudhoe Bay, Alaska LNG
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1
  • Map of Alaska assets included in the deal
  • Upstream assets: Table 2

What's included

This report contains:

  • Document

    BP sells stakes in four Alaskan North Slope assets to Hilcorp Energy

    PDF 6.27 MB

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