BP’s exit from Alaska was rumored long before it was officially announced on Tuesday. But that’s not the only reason the company’s $5.6 billion deal with Hilcorp is far from surprising, experts and industry insiders said.
"Bob Dudley"
BP moves to exit Alaska, relinquishing role as operator of Prudhoe Bay
One of Alaska’s “Big Three” oil companies is stepping away from its major role in the state: BP is leaving its position as the company that oversees Prudhoe Bay.