BP Sale Doesn’t Include Alaska Holdings

Lori Townsend, APRN – AnchorageBP 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)