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Hilcorp s Harvest Alaska unit completes BP Alaska acquisition Privately held Hilcorp Energy Co said on Friday its unit completed a US$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 (Alaska) Inc. headquarters is pictured in Anchorage, Alaska, U.S. August 27, 2019. REUTERS/Yereth Rosen
19 Dec 2020 05:35AM Share this content
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REUTERS: Privately held Hilcorp Energy Co said on Friday its unit completed a US$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.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Harvest Alaska Completes BP Alaska Acquisition
December 18, 2020 GMT
ANCHORAGE, Alaska (BUSINESS WIRE) Dec 18, 2020
Harvest Alaska (Harvest), completed its acquisition of BP Pipelines (Alaska) Inc.’s (BP) midstream ownership interests today, following approval by the Regulatory Commission of Alaska on December 14 th. Harvest immediately acquires BP’s approximately 49 percent interest in the Trans-Alaska Pipeline System (TAPS) and 49 percent of Alyeska Service Company (Alyeska) and other Alaska midstream interests. Alyeska will continue to operate the pipeline as it has for decades.
“The completion of this acquisition is a critical milestone for Harvest,” said Jason Rebrook, Chief Executive Officer of Harvest Midstream. “TAPS is an icon of American ingenuity and has a proven track record of safe and responsible operations with strong relationships in the communities it touches
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