BP Completes Sale of Alaskan Oil and Gas Producing Properties

british petroleum | Submar

BP Confirms Commitment to Sale of Alaska Business

BP has confirmed its commitment to completing the sale of its Alaska (US) business to Hilcorp, first announced in August 2019. Subject to regulatory approvals, the parties expect to complete the transaction in June 2020. Reflecting recent significant market volatility and oil price falls, BP and Hilcorp have successfully renegotiated the financial terms of the