BP Sale Doesn’t Include Alaska Holdings

Lori Townsend, APRN – Anchorage

BP announced today that it’s selling $7 billion in oil field assets to Houston based Apache Corporation. But the sale doesn’t include any holdings in Alaska. The two companies had reportedly been in talks for more than a week to sell part of BP’s stake in Prudhoe Bay. According to media reports, those talks began breaking down last weekend.

Wesley Loy is a contributor to Petroleum News. He says the deal may have been too complicated for Apache.

Download Audio (MP3)

Previous articleOpen Season Results Won’t Be Known Immediately
Next articleMayor restricts "fill the boot" fundraiser