Deal Insight
BP sells stakes in four Alaskan North Slope assets to Hilcorp Energy
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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
-
Upstream assets
- Liberty
- Milne Point
- Endicott and Northstar
- Deal analysis
-
Upsides and risks
- Tax uncertainty is the largest risk
- Upside potential from the region's massive heavy oil resources
-
Strategic rationale
- 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:
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