We operate nine onshore fields in Alaska. Our offshore interests in the Arctic are currently limited to areas for exploration
The Arctic offers opportunities to help meet the world’s growing energy needs, but there are also specific challenges due to its unique nature. These challenges range from environmental, social and political, to operational, technological and commercial.
Our working interests
BP has operated in the US Arctic for several decades, opening our first office in Alaska in 1959. We operate nine onshore fields on Alaska’s North Slope.
We have some investments in the offshore Arctic in Greenland and the Canadian Beaufort. We continue to assess opportunities, proceeding only where we believe it makes commercial sense and we understand and can manage associated risks and impacts.
We hold a 19.75% share in Rosneft, Russia’s largest oil company, and remain committed to our strategic investment while complying with all relevant sanctions. BP does not currently have operations in the offshore Russian Arctic or directly partner with Rosneft on any of its offshore Arctic licences.
Our operations in Alaska have government-approved land, air and water use permits and oil spill response plans that consider the sensitivity of the Arctic. We share our knowledge and experience in the Arctic with our partners to help deliver safe and responsible operations in this sensitive environment.
Understanding the Arctic environment
We have been studying the environment on Alaska’s North Slope since before start-up of the Prudhoe Bay oil field in 1977. We continue to support research to further understand polar bear behaviour. And, we support long-term monitoring of nesting birds on the tundra to gain a better understanding of potential impacts from industry, climate change and predators.
Working with local communities
Arctic communities depend on the natural environment for their livelihoods and cultural heritage. We acknowledge the importance of respecting their unique cultures and ways of life. We also recognize that local knowledge and experience can enhance our operating approach.