Alaska Governor Applauds BP-Hilcorp Deal

Alaska’s Governor Sean Parnell released the following statement in response to news that BP would be selling its interests in four North Slope fields to Hilcorp.

Today’s announcement means another entrepreneurial company will be working to accelerate production and find additional reserves on the North Slope,” Governor Parnell said. “Hilcorp has a proven record of improving production in Cook Inlet, and their new North Slope commitment shows the More Alaska Production Act has created the right environment to attract new companies and competition to the North Slope.”

The announcement comes just days after the Legislature passed Senate Bill 138, Governor Parnell’s bill authorizing Alaska’s participation in the world-scale, Alaska LNG Project, a $45 – $65 billion project that would commercialize Alaska’s vast, untapped reserves of North Slope gas for Alaskans and markets beyond.

I applaud the thorough and bipartisan deliberations the Legislature had on Senate Bill 138 and believe the process is already bearing fruit,” said Governor Parnell. “Today’s announcement is important, because it builds on BP’s previous commitments of billions of dollars in new oil investments at Prudhoe and Alaska’s legacy fields, and reflects a focus on advancing the Alaska LNG Project, and unlocking gas from Prudhoe and Pt. Thomson.

Press Release, April 24, 2014; Image: alaska.gov

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >