Chevron to sell Alaska assets to Texas company

[Judi Lynn]

Source: Xinhua

Chevron to sell Alaska assets to Texas company
13:59, July 20, 2011

U.S. energy giant Chevron said Tuesday it has reached a deal to sell its interests in Alaska's Cook Inlet basin to Texas-based oil firm Hilcorp Energy.

~snip~
According to a news release, assets in the sale include Chevron's interests in Granite Point, Middle Shoals, Trading Bay and MacArtrhur River fields, as well as Chevron's interests in 10 offshore platforms, two onshore gas fields and two gas storage facilities. Also included are Chevron's interests in two pipeline companies.

Chevron had said those assets, with current net daily production of roughly 3,900 barrels of oil and 85 million cubic feet of natural gas, no longer fit into its global portfolio.

But the company said it will keep its interest in North Slope oil fields and its 1.36 percent interest in the trans-Alaska pipeline system.


Read more: http://english.people.com.cn/90001/90777/90852/7446348.html