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BP Exits Alaska - An End of an Era


  • After over 60 years of operating in the frigid but productive wilderness of Alaska, oil supermajor BP has decided to call it quits.
  • Once home to the largest crude oil field in America, BP's departure from Alaska is not a surprise but a trend of things to come.
  • What Hilcorp purchases from BP includes the Prudhoe Bay oil field, which produced 1.5 mmb/d per day in the late 1980s as well as BP's stake in the Trans-Alaskan Pipeline, which moves oil from the North Slope to the Port of Valdez for export.



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