BP PLC reported that it will sell certain interests in four of its operated oil fields on Alaska's North Slope to Houston independent Hilcorp.
The agreement includes all of BP's interests in the Endicott and Northstar oil fields and a 50% interest in each of the Liberty and the Milne Point fields. The sale also includes BP's interests in the oil and gas pipelines associated with these fields, the company said.
Together the assets included in the sale represent about 19,700 boe/d of net production for BP, less than 15% of BP's total net production on the ANS.
Endicott was the first continuously producing offshore field in the Arctic and lies about 3 miles offshore on Alaska's North Slope...