BP has closed business with Hilcorp for US $5.6 billion and will not perform any more operations in Alaska when it sells its holdings in the U.S. state. BP has been experiencing pressure problems from environmental groups to disrupt drilling in the area, but the oil company claims that its decision is unrelated to this.
"We have other opportunities that are more aligned with our long-term strategy," said Bob Dudley, BP's CEO. According to the company, the sale is part of the company's planning to raise about US $10 billion up to 2021 through the sale of assets, to further strengthen its balance sheet.
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