Hilcorp's Harvest Alaska unit completes BP Alaska acquisition

📆 12/19/2020 5:15 AM
📰 Reuters

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Privately held Hilcorp Energy Co said on Friday its unit completed a $5.6 billion acquisition of BP Plc's business in Alaska, taking over the region the British oil major had operated in for 60 years.

FILE PHOTO: The BP Exploration Inc. headquarters is pictured in Anchorage, Alaska, U.S. August 27, 2019. REUTERS/Yereth Rosen

Hilcorp’s Harvest Alaska, a midstream services provider, said it received approval from the Regulatory Commission of Alaska on Dec. 14 to acquire BP’s nearly 49% interest in the Trans-Alaska Pipeline System and 49% of Alyeska Service Company and other Alaska midstream interests.

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