BP exits Alaska and sets its sights on going high-tech
‘We are steadily reshaping BP,’ CEO Bob Dudley said in a statement announcing the sale of its Alaska business for $5.6bn
29 August 2019 - 16:49
London — BP has closed one chapter in its US business, exiting Alaska decades after transforming the state into an oil powerhouse. Now it’s time for a new phase in the company’s American story.
The old BP, which discovered billions of barrels of oil on the country’s farthest frontier and laid a 1,200km pipeline across the frozen tundra, is fading. The new BP comes with a new focus on the fast and competitive shale business, and going high-tech to squeeze all the barrels it can out of existing fields...
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