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MI - BP to hand Hilcorp control of Trans Alaska Pipeline System - September 2019
As part of a $5.6 billion sale of its assets in Alaska, BP will transfer its leading stake in the iconic Trans Alaska Pipeline System to Harvest Alaska, a midstream subsidiary of privately held E&P company Hilcorp. Harvest will acquire BP’s 49% stake in Alyeska Pipeline Service Co., which owns and operates the 800-mile pipeline. Besides BP, Alyeska is owned by ConocoPhillips (~29%), ExxonMobil (~21%) and Chevron subsidiary Unocal Pipeline Co. (~1%). TAPS is......
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