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bp completes sale of midstream Alaska business

Release date:
18 December 2020

Anchorage - bp has completed the sale of its midstream Alaska business to Harvest Alaska, including bp’s ownership in the Trans-Alaska Pipeline System (TAPS) and TAPS operator Alyeska.


In August 2019 bp announced it would exit Alaska, selling its business to Hilcorp for a total consideration of $5.6 billion. The sale included bp’s entire upstream and midstream business in the state. The sale of the upstream business closed on June 30, 2020.


Dave Lawler, chairman and president bp America said: “The construction and operation of TAPS shows how Alaska’s people, the state and federal government and industry can work together to bring energy to America. bp deeply appreciates being a guest of Alaska and its native communities for over six decades, and we thank the government of Alaska for its professionalism as we worked to finalize this sale. bp is a better company because of our time in Alaska.”

About bp

bp is a global energy producer with operations in nearly 80 countries. bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp is America’s largest energy investor since 2005, investing more than $125 billion in the economy. bp employs about 12,000 people across the US and supports more than 200,000 additional jobs through its business activities. For more information on bp in the US, visit www.bp.com/us.

 

Further Information

bp US Media Affairs

Email: uspress@bp.com