BP to sell Alaska business to Hilcorp for $5.6 billion

(Reuters) - BP said on Tuesday it had agreed to sell all its Alaskan operations and interests for $5.6 billion to Hilcorp Alaska, an affiliate of Hilcorp Energy Co.

Reuters August 28, 2019 00:06:12 IST
BP to sell Alaska business to Hilcorp for $5.6 billion

BP to sell Alaska business to Hilcorp for 56 billion

(Reuters) - BP said on Tuesday it had agreed to sell all its Alaskan operations and interests for $5.6 billion to Hilcorp Alaska, an affiliate of Hilcorp Energy Co.

BP said the sale, which includes interests in the giant Prudhoe Bay field and Trans Alaska Pipeline, provides significant progress towards its $10 billion divestment programme.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Maju Samuel)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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