BP Prepares to Exit Alaska by Selling All of its Assets in the State to Hilcorp

BP is set to lose its position as one of the three largest investors in Alaska’s oil industry. On August 27, the company announced plans to sell off all of its Alaskan assets to Hilcorp for the sum of $5.6 billion.

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Posted by Jennifer Delay Iacullo

Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.

BP Prepares to Exit Alaska by Selling All of its Assets in the State to Hilcorp

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