British oil and gas major BP Plc said on Tuesday it sold its interests in four oilfields on the Alaska North Slope for an undisclosed sum to privately held oil and gas producer Hilcorp. BP, which is one of the largest oil producers in Alaska, said the sale included BP's interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty and the Milne Point fields. It also included BP's interests in the pipelines associated with the fields.The company said the fields accounted for about 19,700 barrels of oil equivalent a day, less than 15 percent of BP's total net production on the North Slope.BP-operated oil fields account for two-thirds of all Alaska production.The company said it would focus on developing Prudhoe Bay, the largest oil field in North America, and pursue LNG opportunities in Alaska.
BP p.l.c. (BP), is an integrated oil and gas company. Shares of BP traded higher by 0.02% or $0.01/share to $49.04. In the past year, the shares have traded as low as $40.51 and as high as $51.02. On average, 5357030 shares of BP exchange hands on a given day and today's volume is recorded at 2638552.
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