Thread regarding BP PLC layoffs

BP selling Prudhoe Bay

Rumors with dates this time are floating around that BP will sell interest in Prudhoe Bay. Any truth this time?

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Post ID: @10hDcngJ

12 replies (most recent on top)

BP will be gone, just replaced by another company, another name.

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Post ID: @10hDcngJ-Ovje

Let the cancer of BP leave the air of Alaska. Breath deep and let BP profits evaporate fast. No amount of divestment can cure the cancer BP carries.

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Post ID: @10hDcngJ-zgkc

Sold!

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Post ID: @10hDcngJ-vvxv

BP Alaska selling to Hilcorp

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Post ID: @10hDcngJ-tncm

T minus 1 hour and 45 minutes

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Post ID: @10hDcngJ-thdk

Interesting that the rumor seems to have the date Aug 27th attached to it and Oil Search (who reside in the same building) just scheduled a town hall for August 27th. Maybe this rumor has nothing to do with BP Alaska and instead has something to do with Oil Search. I hear they are looking for capital to develop of their assets so selling or collaborating with someone else (like Hillcorp) would seem to make sense.

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Post ID: @10hDcngJ-sbqn

bP selling Alaska is like making America great. bP should be out of the oil & gas business. Its history sticks all its efforts to the ground and there is no phoenix in the P of bP.

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Post ID: @10hDcngJ-sevc

Hilcorp employees say its a done deal for 7-8 billion. And Carlisle investment group is supplying the funding for Hilcorp. BP executives won’t answer if true and at same time will not deny it. Have to wonder if negotiations are stymied and that is way the announcement hasn’t come out. Also think BP desperately wants to get out of Alaska as it is not a strategic asset. Think that is why this time unlike Apache I believe it will happen. Who really believed that BP would stay 40 more years!

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Post ID: @10hDcngJ-qlgx

And at 10:14 am the powers that be let the Anchorage office go for the day to “enjoy the sunshine.”

Read into that as you choose.

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Post ID: @10hDcngJ-bmff

http://www.petroleumnews.com/pntruncate/30333098.shtml

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Post ID: @10hDcngJ-blsj

I’m a BP employee in Alaska as well, from what I’ve been told BP is not selling anytime soon.

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Post ID: @10hDcngJ-atqu

I am a BP employee in Alaska. The rumors have reached us in the Anchorage office but are primarily circulating around the offices of other operators and at the Prudhoe Bay facilities. These are typical, we always seem to have rumors going round. However, last year when the rumors occurred, BP actually sold its interest in the Kuparuk field. I will say that how far this current rumor has spread is more than usual.

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Post ID: @10hDcngJ-9cus

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