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April 27, 2020

BP and Hilcorp alter deal for Alaskan asset sale

By Matthew Farmer

BP has given further details of the deal to sell its Alaskan assets to Hilcorp. The value of the agreement has not changed, but the two parties have changed how they expect payment to be made.

The companies expect to close the $5.6bn deal by June 2020. This will see all of BP’s stakes in pipelines, fields, exploration, and service companies transferred to Hilcorp, who already operate some of the assets.

Read more here.

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